Trinidad and Tobago - Taxes on income
Taxes on income, profits and capital gains (current LCU)
The value for Taxes on income, profits and capital gains (current LCU) in Trinidad and Tobago was 13,625,500,000 as of 2018. As the graph below shows, over the past 17 years this indicator reached a maximum value of 37,052,700,000 in 2008 and a minimum value of 3,910,600,000 in 2002.
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.
| Year | Value |
|---|---|
| 2001 | 5,322,700,000 |
| 2002 | 3,910,600,000 |
| 2003 | 7,489,900,000 |
| 2004 | 9,170,100,000 |
| 2005 | 15,938,500,000 |
| 2006 | 24,309,600,000 |
| 2007 | 23,890,000,000 |
| 2008 | 37,052,700,000 |
| 2009 | 19,750,500,000 |
| 2010 | 23,071,000,000 |
| 2011 | 30,225,900,000 |
| 2012 | 27,670,400,000 |
| 2013 | 27,301,400,000 |
| 2014 | 30,132,400,000 |
| 2015 | 22,528,900,000 |
| 2016 | 10,481,900,000 |
| 2017 | 10,481,900,000 |
| 2018 | 13,625,500,000 |
Taxes on income, profits and capital gains (% of revenue)
Taxes on income, profits and capital gains (% of revenue) in Trinidad and Tobago was 28.50 as of 2018. Its highest value over the past 17 years was 64.29 in 2011, while its lowest value was 22.48 in 2016.
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 |
|---|---|
| 2001 | 35.63 |
| 2002 | 26.70 |
| 2003 | 41.07 |
| 2004 | 41.92 |
| 2005 | 51.64 |
| 2006 | 60.30 |
| 2007 | 57.30 |
| 2008 | 62.79 |
| 2009 | 47.48 |
| 2010 | 49.60 |
| 2011 | 64.29 |
| 2012 | 53.00 |
| 2013 | 48.64 |
| 2014 | 48.48 |
| 2015 | 36.64 |
| 2016 | 22.48 |
| 2017 | 22.48 |
| 2018 | 28.50 |
Taxes on income, profits and capital gains (% of total taxes)
Taxes on income, profits and capital gains (% of total taxes) in Trinidad and Tobago was 42.39 as of 2018. Its highest value over the past 17 years was 72.31 in 2011, while its lowest value was 33.96 in 2002.
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 |
|---|---|
| 2001 | 43.74 |
| 2002 | 33.96 |
| 2003 | 49.41 |
| 2004 | 49.77 |
| 2005 | 60.01 |
| 2006 | 69.29 |
| 2007 | 67.10 |
| 2008 | 71.68 |
| 2009 | 60.70 |
| 2010 | 62.23 |
| 2011 | 72.31 |
| 2012 | 63.51 |
| 2013 | 61.16 |
| 2014 | 63.72 |
| 2015 | 53.26 |
| 2016 | 35.25 |
| 2017 | 35.25 |
| 2018 | 42.39 |
Classification
Topic: Public Sector Indicators
Sub-Topic: Government finance
