South Africa | 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
Republic of South Africa
Records
63
Source
South Africa | Taxes on goods and services (% value added of industry and services)
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970
1971
1972 4.65532677
1973 4.32801822
1974 3.66500563
1975 4.18271099
1976 4.5942665
1977 4.81707665
1978 5.78024518
1979 6.03818263
1980 5.80374373
1981 6.02462681
1982 6.74833259
1983 6.82263431
1984 7.98990071
1985 8.54394568
1986 8.08991789
1987 8.42715738
1988 9.06637858
1989 9.95757647
1990 9.33190316
1991 8.85546721
1992 7.84066841
1993 9.20927732
1994 9.32706866
1995 9.10114252
1996 9.07039431
1997 9.22581708
1998 9.34446716
1999 9.3974933
2000 8.94679655
2001 8.93324718
2002 8.6013364
2003 8.98268074
2004 9.83282972
2005 10.22802024
2006 10.49629744
2007 10.44673785
2008 9.55387862
2009 9.0240286
2010 9.94076368
2011 9.75846674
2012 10.23892216
2013 10.40611395
2014 10.74227395
2015 11.26362413
2016 10.89441292
2017 10.68510204
2018 11.05678362
2019 11.11092275
2020 10.50285983
2021 11.21955162
2022

South Africa | 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
Republic of South Africa
Records
63
Source