Cyprus | Taxes on income, profits and capital gains (current LCU)
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. 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.
Publisher
The World Bank
Origin
Republic of Cyprus
Records
63
Source
Cyprus | Taxes on income, profits and capital gains (current LCU)
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12336102.406736 1972
15889993.404798 1973
15291982.900317 1974
21015797.728927 1975
23254065.61713 1976
24279226.481955 1977
29644235.007877 1978
40083789.814685 1979
62261436.523748 1980
65097714.916432 1981
75195549.434966 1982
96194261.149479 1983
117517607.13785 1984
138465060.80913 1985
140242006.30816 1986
159668804.6966 1987
179693613.58953 1988
222254875.49421 1989
451239120.12752 1990
401639892.26334 1991
467412146.75304 1992
525156274.30769 1993
651446009.29324 1994
979882926.62924 1995
984837870.80923 1996
1044126340.825 1997
1240444646.4391 1998
1480332288.8083 1999
1672549950.9631 2000
1824786339.3898 2001
1891592655.7476 2002
1682288979.179 2003
1486654114.1414 2004
1858616647.929 2005
2402464486.719 2006
3433434596.4454 2007
3471536408.5881 2008
1717400000 2009
1742700000 2010
1921900000 2011
1836000000 2012
1711400000 2013
1635700000 2014
1589500000 2015
1633900000 2016
1833300000 2017
1962600000 2018
2061100000 2019
2014200000 2020
2403500000 2021
2022
Cyprus | Taxes on income, profits and capital gains (current LCU)
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. 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.
Publisher
The World Bank
Origin
Republic of Cyprus
Records
63
Source