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
22.70250636 1972
22.84988892 1973
23.51268073 1974
21.94194886 1975
23.54512498 1976
18.83150756 1977
20.71082992 1978
21.6782064 1979
26.1300043 1980
25.3540305 1981
26.94057004 1982
25.0192357 1983
23.10486569 1984
21.47598081 1985
20.30408774 1986
19.38710702 1987
21.4761434 1988
24.15336559 1989
25.02616958 1990
24.74676391 1991
17.19353427 1992
16.83864247 1993
16.29580916 1994
17.99652868 1995
18.76589782 1996
18.81354343 1997
18.38531415 1998
20.36820291 1999
20.479694 2000
25.01498213 2001
23.61954912 2002
27.60994781 2003
20.79630704 2004
19.92401001 2005
22.08234063 2006
25.44035027 2007
24.87596312 2008
24.67477718 2009
22.15783577 2010
23.98969362 2011
29.68798598 2012
30.59929748 2013
31.94179207 2014
28.91840633 2015
29.94061721 2016
30.93668796 2017
30.53919325 2018
31.59800208 2019
33.87255783 2020
33.91442727 2021
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