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

Taxes on income, profits and capital gains (% of revenue) in Australia was 65.88 as of 2019. Its highest value over the past 47 years was 67.20 in 1997, while its lowest value was 58.33 in 1972.

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 58.33
1973 59.00
1974 61.36
1975 64.57
1976 62.87
1977 63.22
1978 63.34
1979 60.45
1980 60.82
1981 62.18
1982 63.27
1983 61.20
1984 58.86
1985 59.79
1986 59.42
1987 60.64
1988 61.77
1989 64.31
1990 65.06
1991 66.31
1992 65.62
1993 65.71
1994 64.04
1995 64.69
1996 66.04
1997 67.20
1998 67.14
1999 65.51
2000 66.72
2001 65.03
2002 62.38
2003 62.73
2004 63.30
2005 65.01
2006 65.23
2007 65.69
2008 66.28
2009 64.95
2010 61.29
2011 63.35
2012 65.52
2013 64.20
2014 63.66
2015 64.88
2016 64.22
2017 64.10
2018 65.17
2019 65.88

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