Denmark - Taxes on income, profits and capital gains (% of total taxes)

Taxes on income, profits and capital gains (% of total taxes) in Denmark was 54.90 as of 2019. Its highest value over the past 47 years was 56.17 in 2014, while its lowest value was 40.54 in 1979.

Definition: Taxes on income, profits, and capital gains are levied on the actual or presumptive net income of individuals, on the profits of corporations and enterprises, and on capital gains, whether realized or not, on land, securities, and other assets. Intragovernmental payments are eliminated in consolidation.

Source: International Monetary Fund, Government Finance Statistics Yearbook and data files.

See also:

Year Value
1972 45.48
1973 47.53
1974 52.27
1975 48.61
1976 46.23
1977 42.83
1978 42.07
1979 40.54
1980 41.63
1981 41.98
1982 42.56
1983 41.03
1984 43.74
1985 45.18
1986 44.89
1987 45.13
1988 46.29
1989 46.96
1990 45.53
1991 46.42
1992 46.95
1993 47.81
1994 48.30
1995 49.78
1996 48.99
1997 48.45
1998 45.71
1999 45.84
2000 46.64
2001 43.67
2002 42.84
2003 43.52
2004 45.00
2005 47.00
2006 45.20
2007 49.22
2008 49.82
2009 50.20
2010 50.24
2011 49.90
2012 50.84
2013 51.88
2014 56.17
2015 52.73
2016 51.89
2017 52.70
2018 50.58
2019 54.90

Limitations and Exceptions: For most countries central government finance data have been consolidated into one account, but for others only budgetary central government accounts are available. Countries reporting budgetary data are noted in the country metadata. Because budgetary accounts may not include all central government units (such as social security funds), they usually provide an incomplete picture. In federal states the central government accounts provide an incomplete view of total public finance. Data on government revenue and expense are collected by the IMF through questionnaires to member countries and by the Organisation for Economic Co-operation and Development (OECD). Despite IMF efforts to standardize data collection, statistics are often incomplete, untimely, and not comparable across countries.

Statistical Concept and Methodology: The IMF's Government Finance Statistics Manual 2014, harmonized with the 2008 SNA, recommends an accrual accounting method, focusing on all economic events affecting assets, liabilities, revenues, and expenses, not just those represented by cash transactions. It accounts for all changes in stocks, so stock data at the end of an accounting period equal stock data at the beginning of the period plus flows over the period. The 1986 manual considered only debt stocks. Government finance statistics are reported in local currency. Many countries report government finance data by fiscal year; see country metadata for information on fiscal year end by country.

Periodicity: Annual

Classification

Topic: Public Sector Indicators

Sub-Topic: Government finance