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

Taxes on income, profits and capital gains (% of revenue) in New Zealand was 54.17 as of 2019. Its highest value over the past 47 years was 68.44 in 1974, while its lowest value was 45.42 in 2011.

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 61.42
1973 64.70
1974 68.44
1975 65.68
1976 66.14
1977 67.61
1978 64.71
1979 65.46
1980 67.32
1981 66.83
1982 66.55
1983 63.64
1984 61.00
1985 61.94
1986 59.30
1987 51.11
1988 53.58
2001 53.79
2002 52.23
2003 52.94
2004 52.71
2005 54.93
2006 58.17
2007 56.67
2008 59.45
2009 55.99
2010 50.96
2011 45.42
2012 48.95
2013 50.31
2014 50.32
2015 51.56
2016 51.89
2017 52.81
2018 53.31
2019 54.17

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