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

Taxes on income, profits and capital gains (% of revenue) in Thailand was 31.68 as of 2019. Its highest value over the past 47 years was 38.97 in 2008, while its lowest value was 11.54 in 1972.

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 11.54
1973 12.00
1974 12.51
1975 15.70
1976 16.04
1977 15.64
1978 18.07
1979 17.88
1980 17.39
1981 18.36
1982 20.21
1983 18.27
1984 19.76
1985 20.22
1986 20.06
1987 17.53
1988 19.38
1989 20.17
1990 23.77
1991 25.50
1992 27.30
1993 27.76
1994 29.71
1995 30.88
1996 31.70
1997 31.63
1998 28.38
1999 28.76
2000 29.85
2001 28.17
2002 29.79
2003 28.69
2004 31.99
2005 32.81
2006 36.58
2007 37.05
2008 38.97
2009 37.84
2010 33.22
2011 38.02
2012 36.86
2013 35.41
2014 33.77
2015 31.69
2016 30.90
2017 30.16
2018 30.50
2019 31.68

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