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

Taxes on income, profits and capital gains (% of revenue) in Cyprus was 22.98 as of 2019. Its highest value over the past 47 years was 30.53 in 1999, while its lowest value was 13.32 in 1977.

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 13.79
1973 15.42
1974 14.64
1975 18.41
1976 17.29
1977 13.32
1978 15.31
1979 17.18
1980 20.99
1981 18.75
1982 17.45
1983 19.50
1984 19.99
1985 20.79
1986 19.25
1987 20.29
1988 19.63
1989 20.57
1990 21.77
1991 18.99
1992 18.31
1993 18.14
1994 19.51
1995 25.32
1996 24.72
1997 25.51
1998 27.12
1999 30.53
2000 29.47
2001 28.92
2002 29.10
2003 22.74
2004 18.46
2005 20.23
2006 23.89
2007 28.77
2008 27.86
2009 25.70
2010 24.78
2011 27.20
2012 26.49
2013 26.18
2014 23.70
2015 23.21
2016 23.56
2017 24.30
2018 23.94
2019 22.98

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