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

Taxes on income, profits and capital gains (% of revenue) in Lesotho was 24.62 as of 2019. Its highest value over the past 35 years was 26.52 in 2016, while its lowest value was 8.22 in 1984.

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
1984 8.22
1986 9.66
1987 10.09
1988 9.54
1989 8.77
1991 17.32
1992 17.23
1993 13.31
1994 15.28
1995 14.84
1996 16.22
1997 16.06
1998 18.52
1999 19.56
2000 17.37
2001 21.50
2002 20.66
2003 24.80
2004 21.21
2005 19.77
2006 14.64
2007 16.70
2008 16.92
2009 18.78
2010 21.65
2011 24.88
2012 17.87
2013 20.19
2014 20.97
2015 23.78
2016 26.52
2017 23.41
2018 25.44
2019 24.62

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