South Africa - Taxes on income, profits and capital gains (% of revenue)

Taxes on income, profits and capital gains (% of revenue) in South Africa was 46.91 as of 2019. Its highest value over the past 47 years was 59.86 in 1974, while its lowest value was 46.81 in 1989.

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 54.81
1973 57.37
1974 59.86
1975 59.17
1976 58.16
1977 56.57
1978 53.03
1979 53.52
1980 55.85
1981 53.38
1982 52.38
1983 52.97
1984 52.32
1985 52.86
1986 52.14
1987 51.52
1988 49.57
1989 46.81
1990 50.41
1991 52.42
1992 52.11
1993 48.01
1994 49.74
1995 49.67
1996 51.26
1997 52.73
1998 54.06
1999 51.87
2000 51.71
2001 52.42
2002 53.08
2003 50.66
2004 48.95
2005 48.76
2006 50.51
2007 51.81
2008 54.45
2009 51.86
2010 49.09
2011 49.88
2012 49.24
2013 48.44
2014 47.40
2015 47.14
2016 48.69
2017 49.07
2018 48.40
2019 46.91

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