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

Taxes on income, profits and capital gains (% of total taxes) in New Zealand was 63.25 as of 2019. Its highest value over the past 47 years was 75.19 in 1977, while its lowest value was 60.06 in 2011.

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 68.28
1973 70.88
1974 74.50
1975 72.07
1976 73.52
1977 75.19
1978 73.07
1979 74.01
1980 75.02
1981 73.91
1982 73.66
1983 71.18
1984 69.72
1985 73.03
1986 70.12
1987 62.65
1988 63.03
2001 62.53
2002 61.88
2003 62.37
2004 62.27
2005 65.55
2006 67.43
2007 66.40
2008 68.47
2009 67.20
2010 63.29
2011 60.06
2012 60.45
2013 61.35
2014 61.40
2015 61.74
2016 61.86
2017 62.35
2018 62.32
2019 63.25

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