Dominican Republic | Taxes on goods and services (% value added of industry and services)
Taxes on goods and services include general sales and turnover or value added taxes, selective excises on goods, selective taxes on services, taxes on the use of goods or property, taxes on extraction and production of minerals, and profits of fiscal monopolies. 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
Dominican Republic
Records
63
Source
Dominican Republic | Taxes on goods and services (% value added of industry and services)
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970
1971
4.96797672 1972
4.50869898 1973
4.52195868 1974
4.69849036 1975
4.8982698 1976
5.01187152 1977
4.73587524 1978
4.65527324 1979
4.42363785 1980
4.84257493 1981
4.55728201 1982
4.80416534 1983
5.70448677 1984
4.90271313 1985
6.58222835 1986
4.44461239 1987
4.07456263 1988
3.75473566 1989
3.57498815 1990
2.3132617 1991
4.17974223 1992
4.50848165 1993
5.03861529 1994
5.09847977 1995
4.83193676 1996
5.4753819 1997
5.545746 1998
4.70865187 1999
4.2588574 2000
6.27737561 2001
6.16685712 2002
6.45005595 2003
6.73134788 2004
8.45812784 2005
9.68305068 2006
11.02492481 2007
10.44767608 2008
9.40435538 2009
9.45113961 2010
9.34580235 2011
9.17362561 2012
9.48712696 2013
9.0199125 2014
8.60975666 2015
8.57322684 2016
8.53853767 2017
9.06892189 2018
9.18902626 2019
8.31517463 2020
9.55175041 2021
2022
Dominican Republic | Taxes on goods and services (% value added of industry and services)
Taxes on goods and services include general sales and turnover or value added taxes, selective excises on goods, selective taxes on services, taxes on the use of goods or property, taxes on extraction and production of minerals, and profits of fiscal monopolies. 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
Dominican Republic
Records
63
Source