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

Taxes on income, profits and capital gains (% of total taxes) in South Africa was 56.92 as of 2019. Its highest value over the past 47 years was 70.19 in 1974, while its lowest value was 51.63 in 1989.

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 63.77
1973 66.38
1974 70.19
1975 68.56
1976 66.87
1977 63.72
1978 61.03
1979 61.50
1980 64.89
1981 61.37
1982 59.47
1983 59.89
1984 57.92
1985 58.57
1986 58.40
1987 56.74
1988 54.27
1989 51.63
1990 56.04
1991 57.49
1992 58.49
1993 53.27
1994 54.53
1995 54.04
1996 56.26
1997 57.42
1998 58.35
1999 57.66
2000 57.10
2001 58.22
2002 58.08
2003 56.30
2004 54.45
2005 54.69
2006 55.82
2007 57.04
2008 60.37
2009 58.69
2010 55.21
2011 56.03
2012 54.93
2013 55.07
2014 55.62
2015 54.80
2016 56.23
2017 58.31
2018 57.17
2019 56.92

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