Iceland | Customs and other import duties (% of tax revenue)

Customs and other import duties are all levies collected on goods that are entering the country or services delivered by nonresidents to residents. They include levies imposed for revenue or protection purposes and determined on a specific or ad valorem basis as long as they are restricted to imported goods or services. 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 Iceland
Records
63
Source
Iceland | Customs and other import duties (% of tax revenue)
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970
1971
32.28858664 1972
32.43697479 1973
30.83333333 1974
25.20210186 1975
23.2895333 1976
24.61318995 1977
24.75350646 1978
21.9271968 1979
20.11275464 1980
20.69341206 1981
19.30143014 1982
18.08201348 1983
18.82921544 1984
17.1398625 1985
15.11935224 1986
15.05720461 1987
10.54598829 1988
10.39102978 1989
10.35873296 1990
11.3997289 1991
10.31791779 1992
6.31205359 1993
1.72936973 1994
1.67449795 1995
1.56597736 1996
1.5502832 1997
1.61115388 1998
1.50422638 1999
1.51549827 2000
1.65429217 2001
1.28215066 2002
1.29119263 2003
1.28403731 2004
1.22389213 2005
1.4016448 2006
1.51278317 2007
1.61808122 2008
1.63752093 2009
1.7504792 2010
2.00609625 2011
1.93608134 2012
1.36293544 2013
1.18560137 2014
0.95146166 2015
0.5383681 2016
0.6188969 2017
0.63009401 2018
0.51674931 2019
0.3924464 2020
0.58767424 2021
0.68513477 2022

Iceland | Customs and other import duties (% of tax revenue)

Customs and other import duties are all levies collected on goods that are entering the country or services delivered by nonresidents to residents. They include levies imposed for revenue or protection purposes and determined on a specific or ad valorem basis as long as they are restricted to imported goods or services. 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 Iceland
Records
63
Source