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

Taxes on income, profits and capital gains (% of revenue) in Italy was 31.62 as of 2019. Its highest value over the past 46 years was 37.52 in 1986, while its lowest value was 16.47 in 1973.

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
1973 16.47
1974 19.69
1975 20.70
1976 23.74
1977 25.99
1978 27.48
1979 27.07
1980 29.36
1981 32.82
1982 34.20
1983 34.97
1984 35.89
1985 36.18
1986 37.52
1987 36.44
1988 35.93
1989 36.02
1995 32.25
1996 33.77
1997 34.25
1998 34.02
1999 34.65
2000 35.27
2001 35.59
2002 33.79
2003 32.22
2004 32.54
2005 33.14
2006 34.64
2007 35.33
2008 35.47
2009 32.89
2010 33.20
2011 32.62
2012 33.24
2013 33.49
2014 32.72
2015 32.70
2016 32.16
2017 32.04
2018 31.27
2019 31.62

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.

Aggregation method: Median

Periodicity: Annual

Classification

Topic: Public Sector Indicators

Sub-Topic: Government finance