Latin America & Caribbean
42
jurisdictions
39
with at least one assessed power
| Jurisdiction | Powers assessed | Tax-to-GDP | Standard VAT rate |
|---|---|---|---|
| 🇦🇷 Argentina | 8 | 29.6% (2022) | 21 |
| 🇧🇷 Brazil | 8 | 33.3% (2022) | Excise federal tax (IPI): Normally between 5% and 30%… |
| 🇨🇷 Costa Rica | 8 | 25.5% (2022) | 13 |
| 🇲🇽 Mexico | 8 | 16.9% (2022) | 16 |
| 🇧🇧 Barbados | 7 | 30.5% (2022) | 17.5 |
| 🇨🇱 Chile | 7 | 23.9% (2022) | 19 |
| 🇨🇴 Colombia | 7 | 19.7% (2022) | 19 |
| 🇭🇳 Honduras | 7 | 21.4% (2022) | Sales tax: 15 |
| 🇵🇦 Panama | 7 | 13.1% (2022) | Movable goods and services transfer tax: 7 |
| 🇵🇪 Peru | 7 | 19.2% (2022) | 18 |
| 🇺🇾 Uruguay | 7 | 26.6% (2022) | 22 (reduced 10% VAT rate applicable to certain goods and… |
| 🇧🇿 Belize | 6 | 22.1% (2022) | — |
| 🇩🇴 Dominican Republic | 6 | 13.9% (2022) | 18 |
| 🇵🇾 Paraguay | 6 | 14.7% (2022) | 10 (5% for sale and rent of immovables, some medicines… |
| 🇱🇨 St. Lucia | 6 | 18.4% (2022) | 12.5 |
| 🇦🇼 Aruba | 5 | — | — |
| 🇬🇹 Guatemala | 5 | 14.4% (2022) | 12 |
| 🇻🇨 St. Vincent and the Grenadines | 5 | 23.8% (2017) | — |
| 🇹🇹 Trinidad and Tobago | 5 | 23.7% (2022) | 12.5 |
| 🇦🇬 Antigua and Barbuda | 4 | 19.1% (2022) | — |
| 🇧🇸 Bahamas, The | 4 | 19.6% (2022) | 10 |
| 🇻🇬 British Virgin Islands | 4 | — | — |
| 🇰🇾 Cayman Islands | 4 | — | NA |
| 🇪🇨 Ecuador | 4 | 20.9% (2022) | 15 |
| 🇸🇻 El Salvador | 4 | 22.9% (2022) | 13 |
| 🇰🇳 St. Kitts and Nevis | 4 | 15.0% (2020) | — |
| 🇹🇨 Turks and Caicos Islands | 4 | — | — |
| 🇧🇴 Bolivia | 3 | 23.7% (2022) | 13 |
| 🇨🇺 Cuba | 3 | 18.3% (2022) | — |
| 🇨🇼 Curacao | 3 | — | — |
| 🇩🇲 Dominica | 3 | — | — |
| 🇬🇩 Grenada | 3 | — | — |
| 🇬🇾 Guyana | 3 | 10.6% (2022) | 14 |
| 🇯🇲 Jamaica | 3 | 29.3% (2022) | General consumption tax (GCT): 15 |
| 🇭🇹 Haiti | 2 | — | — |
| 🇸🇷 Suriname | 2 | — | — |
| 🇳🇮 Nicaragua | 1 | 27.8% (2022) | 15 |
| 🇵🇷 Puerto Rico (US) | 1 | — | Sales and use tax: 11.5% for tangible personal property… |
| 🇻🇪 Venezuela, RB | 1 | 14.4% (2013) | 16 |
| 🇸🇽 Sint Maarten (Dutch part) | — | — | — |
| 🇲🇫 St. Martin (French part) | — | — | — |
| 🇻🇮 Virgin Islands (U.S.) | — | — | — |
Tax-to-GDP is general government from OECD Revenue Statistics where available (World Bank central-government figures otherwise, which are not comparable with it). VAT wording is PwC’s. A dash means the jurisdiction has not yet been assessed — that is not the same as “no”.