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

Taxes on income, profits and capital gains (% of total taxes) in Dominican Republic was 31.60 as of 2019. Its highest value over the past 47 years was 31.94 in 2014, while its lowest value was 16.30 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 22.70
1973 22.85
1974 23.51
1975 21.94
1976 23.55
1977 18.83
1978 20.71
1979 21.68
1980 26.13
1981 25.35
1982 26.94
1983 25.02
1984 23.10
1985 21.48
1986 20.30
1987 19.39
1988 21.48
1989 24.15
1990 25.03
1991 24.75
1992 17.19
1993 16.84
1994 16.30
1995 18.00
1996 18.77
1997 18.81
1998 18.39
1999 20.37
2000 20.48
2001 25.01
2002 23.62
2003 27.61
2004 20.80
2005 19.92
2006 22.08
2007 25.44
2008 24.88
2009 24.67
2010 22.16
2011 23.99
2012 29.69
2013 30.60
2014 31.94
2015 28.92
2016 29.94
2017 30.94
2018 30.54
2019 31.60

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