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

Taxes on income, profits and capital gains (% of total taxes) in Lesotho was 36.05 as of 2019. Its highest value over the past 37 years was 42.33 in 2011, while its lowest value was 10.34 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
1982 15.62
1983 11.19
1984 10.34
1985 12.45
1986 12.01
1987 13.97
1988 13.42
1989 13.36
1991 27.84
1992 25.99
1993 20.74
1994 24.98
1995 25.54
1996 27.57
1997 25.90
1998 30.42
1999 29.15
2000 30.14
2001 33.48
2002 33.71
2003 38.25
2004 31.73
2005 30.10
2006 23.48
2007 26.11
2008 27.55
2009 30.05
2010 39.80
2011 42.33
2012 30.31
2013 32.68
2014 31.78
2015 35.84
2016 40.91
2017 35.18
2018 38.09
2019 36.05

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