South Africa | Taxes on income, profits and capital gains (current LCU)
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
Republic of South Africa
Records
63
Source
South Africa | Taxes on income, profits and capital gains (current LCU)
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970
1971
1972 1806000000
1973 2401000000
1974 3061000000
1975 3543000000
1976 3879000000
1977 4299000000
1978 4749000000
1979 5761000000
1980 8042000000
1981 8559000000
1982 10056000000
1983 11523000000
1984 13851000000
1985 17513000000
1986 19692000000
1987 22199000000
1988 26734000000
1989 33926000000
1990 38725000000
1991 45065000000
1992 46283000000
1993 50912000000
1994 58268000000
1995 68317000000
1996 82852000000
1997 95003800000
1998 108380600000
1999 116148900000
2000 126145200000
2001 147311000000
2002 164566000000
2003 171962800000
2004 195219000000
2005 230804000000
2006 279990000000
2007 332058000000
2008 383483000000
2009 359044846795.87
2010 379941232665.1
2011 426583730530.48
2012 457317482568.97
2013 507759154457.05
2014 561789779510.37
2015 606820534542.24
2016 664526445797.87
2017 711703019241.6
2018 738740596844.77
2019 772680576009.85
2020 718180499012.29
2021 912870032130.08
2022
South Africa | Taxes on income, profits and capital gains (current LCU)
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
Republic of South Africa
Records
63
Source