Venezuela - 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 Venezuela was 18,446,540,000 as of 2005. As the graph below shows, over the past 15 years this indicator reached a maximum value of 18,446,540,000 in 2005 and a minimum value of 344,944,000 in 1990.

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
1990 344,944,000
1991 453,085,000
1992 402,256,000
1993 486,207,000
1994 642,042,000
1995 843,374,000
1996 2,203,347,000
1997 3,971,733,000
1998 1,596,203,000
1999 2,311,337,000
2000 4,498,679,000
2001 3,792,039,000
2002 2,964,387,000
2003 4,325,446,000
2004 7,985,693,000
2005 18,446,540,000

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

Taxes on income, profits and capital gains (% of revenue) in Venezuela was 21.46 as of 2005. Its highest value over the past 15 years was 63.94 in 1990, while its lowest value was 12.03 in 2002.

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
1990 63.94
1991 63.04
1992 53.70
1993 51.39
1994 40.76
1995 37.61
1996 38.20
1997 38.78
1998 17.43
1999 20.54
2000 26.67
2001 19.62
2002 12.03
2003 13.41
2004 15.23
2005 21.46

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

Taxes on income, profits and capital gains (% of total taxes) in Venezuela was 39.10 as of 2005. Its highest value over the past 15 years was 86.38 in 1990, while its lowest value was 25.10 in 2002.

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
1990 86.38
1991 84.39
1992 73.95
1993 68.49
1994 54.40
1995 49.28
1996 55.42
1997 54.20
1998 25.14
1999 28.87
2000 42.51
2001 36.14
2002 25.10
2003 27.94
2004 29.04
2005 39.10

Classification

Topic: Public Sector Indicators

Sub-Topic: Government finance