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Metadata Glossary

CodeGC.TAX.YPKG.ZS
Indicator NameTaxes on income, profits and capital gains (% of total taxes)
Long definitionTaxes 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.
SourceInternational Monetary Fund, Government Finance Statistics Yearbook and data files.
TopicPublic Sector: Government finance: Revenue
PeriodicityAnnual
Limitations and exceptionsFor 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.
License TypeCC BY-4.0
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