Iraq - Taxes on income
Taxes on income, profits and capital gains (current LCU)
The value for Taxes on income, profits and capital gains (current LCU) in Iraq was 2,124,540,000,000 as of 2019. As the graph below shows, over the past 5 years this indicator reached a maximum value of 4,301,090,000,000 in 2017 and a minimum value of 1,322,370,000,000 in 2014.
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.
| Year | Value |
|---|---|
| 2014 | 1,322,370,000,000 |
| 2015 | 1,410,090,000,000 |
| 2016 | 2,610,180,000,000 |
| 2017 | 4,301,090,000,000 |
| 2018 | 3,148,270,000,000 |
| 2019 | 2,124,540,000,000 |
Taxes on income, profits and capital gains (% of revenue)
Taxes on income, profits and capital gains (% of revenue) in Iraq was 1.99 as of 2019. Its highest value over the past 5 years was 5.61 in 2017, while its lowest value was 1.27 in 2014.
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 |
|---|---|
| 2014 | 1.27 |
| 2015 | 2.37 |
| 2016 | 4.80 |
| 2017 | 5.61 |
| 2018 | 3.00 |
| 2019 | 1.99 |
Taxes on income, profits and capital gains (% of total taxes)
Taxes on income, profits and capital gains (% of total taxes) in Iraq was 57.22 as of 2019. Its highest value over the past 5 years was 72.21 in 2017, while its lowest value was 54.28 in 2014.
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 |
|---|---|
| 2014 | 54.28 |
| 2015 | 54.82 |
| 2016 | 63.79 |
| 2017 | 72.21 |
| 2018 | 59.01 |
| 2019 | 57.22 |
Classification
Topic: Public Sector Indicators
Sub-Topic: Government finance
