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

Taxes on income, profits and capital gains (% of total taxes) in Italy was 52.23 as of 2019. Its highest value over the past 46 years was 59.26 in 1986, while its lowest value was 31.34 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 31.34
1974 35.51
1975 40.21
1976 43.79
1977 47.07
1978 50.24
1979 49.61
1980 51.15
1981 54.76
1982 56.81
1983 56.75
1984 56.34
1985 57.22
1986 59.26
1987 58.69
1988 53.31
1989 53.43
1990 53.86
1991 51.45
1992 53.22
1993 56.80
1994 53.46
1995 53.87
1996 56.86
1997 56.29
1998 53.52
1999 54.46
2000 55.10
2001 56.44
2002 54.20
2003 51.77
2004 52.86
2005 54.03
2006 54.97
2007 56.42
2008 57.68
2009 54.61
2010 54.61
2011 53.19
2012 53.42
2013 53.94
2014 52.93
2015 53.40
2016 51.94
2017 52.10
2018 51.58
2019 52.23

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