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

Taxes on income, profits and capital gains (% of revenue) in Luxembourg was 32.44 as of 2019. Its highest value over the past 47 years was 41.10 in 1978, while its lowest value was 26.30 in 2004.

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
1972 34.08
1973 36.74
1974 40.86
1975 37.16
1976 36.67
1977 39.52
1978 41.10
1979 38.61
1980 35.66
1981 34.90
1982 35.05
1983 37.33
1984 36.76
1985 38.05
1986 36.79
1987 36.23
1988 35.77
1989 34.35
1990 34.09
1991 30.35
1992 27.12
1993 30.43
1994 32.79
1995 29.78
1996 30.51
1997 30.88
1998 29.85
1999 28.43
2000 28.34
2001 28.42
2002 28.72
2003 28.60
2004 26.30
2005 28.03
2006 28.21
2007 27.89
2008 28.79
2009 28.34
2010 29.38
2011 28.67
2012 28.82
2013 29.19
2014 28.78
2015 30.11
2016 30.35
2017 30.96
2018 33.05
2019 32.44

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