Georgia - 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 Georgia was 4,246,100,000 as of 2020. As the graph below shows, over the past 25 years this indicator reached a maximum value of 4,349,100,000 in 2019 and a minimum value of 49,500,000 in 1995.

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
1995 49,500,000
1996 77,100,000
1997 115,900,000
1998 139,500,000
1999 160,400,000
2000 188,500,000
2001 202,300,000
2002 225,200,000
2003 254,100,000
2004 430,300,000
2005 501,000,000
2006 727,100,000
2007 1,081,500,000
2008 1,888,400,000
2009 1,636,600,000
2010 1,778,000,000
2011 2,383,300,000
2012 2,615,800,000
2013 2,740,800,000
2014 2,767,600,000
2015 3,248,400,000
2016 3,469,900,000
2017 3,675,500,000
2018 3,983,700,000
2019 4,349,100,000
2020 4,246,100,000

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

Taxes on income, profits and capital gains (% of revenue) in Georgia was 33.53 as of 2020. Its highest value over the past 25 years was 36.66 in 2011, while its lowest value was 16.29 in 1996.

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
1995 19.51
1996 16.29
1997 17.41
1998 19.72
1999 19.83
2000 21.49
2001 19.15
2002 20.12
2003 20.06
2004 19.20
2005 18.49
2006 20.37
2007 22.33
2008 33.74
2009 32.84
2010 32.30
2011 36.66
2012 36.39
2013 35.79
2014 33.13
2015 33.50
2016 33.14
2017 30.94
2018 33.54
2019 32.43
2020 33.53

Taxes on income, profits and capital gains (% of total taxes)

Taxes on income, profits and capital gains (% of total taxes) in Georgia was 40.26 as of 2020. Its highest value over the past 25 years was 42.63 in 2013, while its lowest value was 23.95 in 1997.

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
1995 37.59
1996 25.30
1997 23.95
1998 27.73
1999 25.28
2000 27.36
2001 25.68
2002 25.99
2003 27.16
2004 29.00
2005 26.06
2006 28.39
2007 30.37
2008 40.87
2009 38.70
2010 38.03
2011 40.30
2012 40.61
2013 42.63
2014 39.56
2015 42.07
2016 41.20
2017 38.63
2018 39.82
2019 38.20
2020 40.26

Classification

Topic: Public Sector Indicators

Sub-Topic: Government finance