Dominican Republic | Taxes on income, profits and capital gains (% of total taxes)
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
Dominican Republic
Records
63
Source
Dominican Republic | Taxes on income, profits and capital gains (% of total taxes)
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970
1971
1972 22.70250636
1973 22.84988892
1974 23.51268073
1975 21.94194886
1976 23.54512498
1977 18.83150756
1978 20.71082992
1979 21.6782064
1980 26.1300043
1981 25.3540305
1982 26.94057004
1983 25.0192357
1984 23.10486569
1985 21.47598081
1986 20.30408774
1987 19.38710702
1988 21.4761434
1989 24.15336559
1990 25.02616958
1991 24.74676391
1992 17.19353427
1993 16.83864247
1994 16.29580916
1995 17.99652868
1996 18.76589782
1997 18.81354343
1998 18.38531415
1999 20.36820291
2000 20.479694
2001 25.01498213
2002 23.61954912
2003 27.60994781
2004 20.79630704
2005 19.92401001
2006 22.08234063
2007 25.44035027
2008 24.87596312
2009 24.67477718
2010 22.15783577
2011 23.98969362
2012 29.68798598
2013 30.59929748
2014 31.94179207
2015 28.91840633
2016 29.94061721
2017 30.93668796
2018 30.53919325
2019 31.59800208
2020 33.87255783
2021 33.91442727
2022
Dominican Republic | Taxes on income, profits and capital gains (% of total taxes)
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
Dominican Republic
Records
63
Source