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

Taxes on income, profits and capital gains (% of total taxes) in Bhutan was 44.05 as of 2018. Its highest value over the past 36 years was 63.78 in 2010, while its lowest value was 23.88 in 1984.

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
1982 24.84
1983 28.76
1984 23.88
1985 28.55
1986 33.53
1988 30.44
1989 32.77
1990 30.73
1991 25.85
1992 25.08
1993 32.25
1994 32.84
1995 40.55
1996 50.47
1997 56.62
1998 53.57
1999 57.28
2000 53.45
2001 62.17
2002 54.05
2003 46.90
2004 58.02
2005 50.76
2006 49.91
2007 56.71
2008 55.28
2009 58.04
2010 63.78
2011 61.26
2012 52.63
2013 51.57
2014 58.64
2015 56.38
2016 55.26
2017 51.99
2018 44.05

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