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

Taxes on income, profits and capital gains (% of revenue) in Turkey was 18.12 as of 2020. Its highest value over the past 48 years was 51.67 in 1981, while its lowest value was 16.35 in 2013.

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 30.80
1973 36.26
1974 41.06
1975 39.98
1976 41.27
1977 46.92
1978 47.84
1979 46.95
1980 49.05
1981 51.67
1983 48.17
1984 49.45
1985 37.99
1986 43.51
1987 42.60
1988 39.55
1989 43.17
1990 42.03
1991 41.02
1992 39.56
1993 35.40
1994 33.05
1995 31.14
1996 31.94
1997 35.90
1998 40.18
2008 17.68
2009 17.71
2010 17.27
2011 17.57
2012 17.61
2013 16.35
2014 17.56
2015 16.90
2016 17.44
2017 18.10
2018 19.21
2019 18.54
2020 18.12

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