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

Taxes on income, profits and capital gains (% of total taxes) in Cyprus was 38.20 as of 2019. Its highest value over the past 47 years was 47.24 in 1999, while its lowest value was 20.45 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 20.45
1973 21.04
1974 24.64
1975 35.75
1976 33.63
1977 25.38
1978 25.23
1979 26.23
1980 32.41
1981 31.53
1982 30.15
1983 32.15
1984 31.88
1985 33.02
1986 30.70
1987 32.14
1988 30.31
1989 31.40
1990 33.54
1991 30.29
1992 28.56
1993 28.23
1994 29.38
1995 40.52
1996 40.49
1997 42.64
1998 43.75
1999 47.24
2000 44.43
2001 43.93
2002 43.49
2003 34.82
2004 28.77
2005 31.68
2006 36.15
2007 40.37
2008 39.66
2009 39.55
2010 38.84
2011 41.81
2012 40.36
2013 40.33
2014 37.85
2015 36.84
2016 36.54
2017 37.87
2018 37.66
2019 38.20

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