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

Taxes on income, profits and capital gains (% of revenue) in Hungary was 16.28 as of 2019. Its highest value over the past 38 years was 24.71 in 2008, while its lowest value was 12.98 in 1985.

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
1981 18.52
1982 16.00
1983 17.69
1984 17.58
1985 12.98
1986 16.20
1987 17.73
1988 15.65
1989 18.18
1990 17.90
1991 22.47
1992 16.23
1993 17.07
1994 16.89
1995 16.05
1996 17.79
1997 18.04
1998 17.94
1999 19.44
2000 19.73
2001 21.08
2002 21.50
2003 19.52
2004 17.87
2005 18.49
2006 19.43
2007 20.49
2008 24.71
2009 22.85
2010 19.07
2011 15.46
2012 15.38
2013 14.77
2014 15.23
2015 15.18
2016 16.89
2017 17.06
2018 16.02
2019 16.28

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.

Aggregation method: Median

Periodicity: Annual

Classification

Topic: Public Sector Indicators

Sub-Topic: Government finance