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

Taxes on income, profits and capital gains (% of total taxes) in Uruguay was 37.62 as of 2019. Its highest value over the past 47 years was 47.22 in 2016, while its lowest value was 8.18 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 8.18
1973 10.99
1974 12.61
1975 11.05
1976 10.27
1977 12.24
1978 11.82
1979 12.52
1980 15.29
1981 10.66
1982 8.94
1983 12.59
1984 9.57
1985 11.29
1986 12.12
1987 11.58
1988 12.64
1989 10.90
1990 9.93
1991 8.88
1992 10.66
1993 11.17
1994 10.78
1995 15.53
1996 21.11
1997 18.84
1998 19.69
1999 23.93
2000 25.11
2001 12.47
2002 11.36
2003 9.25
2004 13.77
2005 15.74
2006 16.12
2007 18.47
2008 29.02
2009 27.91
2010 28.57
2011 27.28
2012 28.07
2013 30.48
2014 29.22
2015 30.80
2016 47.22
2017 36.69
2018 37.59
2019 37.62

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.

Periodicity: Annual

Classification

Topic: Public Sector Indicators

Sub-Topic: Government finance