Dominican Republic - Taxes on income, profits and capital gains (% of revenue)

Taxes on income, profits and capital gains (% of revenue) in Dominican Republic was 27.15 as of 2019. Its highest value over the past 47 years was 28.23 in 2014, while its lowest value was 14.11 in 1994.

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 17.95
1973 18.65
1974 19.88
1975 18.56
1976 20.00
1977 16.13
1978 16.39
1979 17.97
1980 19.25
1981 18.92
1982 21.71
1983 19.78
1984 19.14
1985 19.02
1986 16.64
1987 15.92
1988 17.22
1989 20.66
1990 21.25
1991 21.23
1992 14.67
1993 14.58
1994 14.11
1995 15.57
1996 16.39
1997 16.47
1998 16.42
1999 17.95
2000 17.91
2001 22.52
2002 21.24
2003 24.20
2004 18.33
2005 17.96
2006 19.84
2007 22.41
2008 22.45
2009 21.79
2010 18.74
2011 20.49
2012 26.09
2013 27.16
2014 28.23
2015 20.97
2016 25.26
2017 26.50
2018 26.11
2019 27.15

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.

Aggregation method: Median

Periodicity: Annual

Classification

Topic: Public Sector Indicators

Sub-Topic: Government finance