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

Taxes on income, profits and capital gains (% of total taxes) in Finland was 28.67 as of 2019. Its highest value over the past 47 years was 42.55 in 1976, while its lowest value was 27.28 in 2013.

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 34.61
1973 36.82
1974 39.53
1975 39.60
1976 42.55
1977 38.85
1978 33.15
1979 31.82
1980 34.51
1981 36.78
1982 35.40
1983 35.50
1984 37.30
1985 38.21
1986 40.39
1987 36.13
1988 37.74
1989 36.40
1990 38.10
1991 38.02
1992 39.96
1993 34.77
1994 37.81
1995 32.43
1996 35.43
1997 34.94
1998 36.61
1999 35.92
2000 42.51
2001 38.98
2002 38.94
2003 36.05
2004 36.17
2005 36.07
2006 35.70
2007 37.60
2008 36.60
2009 29.04
2010 28.05
2011 28.89
2012 27.66
2013 27.28
2014 27.88
2015 28.19
2016 28.18
2017 28.70
2018 28.58
2019 28.67

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