South Africa | 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
Republic of South Africa
Records
63
Source
South Africa | Taxes on income, profits and capital gains (% of total taxes)
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970
1971
63.77118644 1972
66.38097871 1973
70.19032332 1974
68.55650155 1975
66.86778142 1976
63.71720765 1977
61.02544333 1978
61.49658412 1979
64.89147099 1980
61.36803614 1981
59.47128748 1982
59.89396538 1983
57.91762492 1984
58.57190635 1985
58.39857651 1986
56.73865815 1987
54.27121397 1988
51.625175 1989
56.04359026 1990
57.49040019 1991
58.48982687 1992
53.27306211 1993
54.52639853 1994
54.03928145 1995
56.25819068 1996
57.41774331 1997
58.34555364 1998
57.66228002 1999
57.10333177 2000
58.22200968 2001
58.07665161 2002
56.30297554 2003
54.44604036 2004
54.6931502 2005
55.81915543 2006
57.04101598 2007
60.36991792 2008
58.68732812 2009
55.21257701 2010
56.05192243 2011
54.92643946 2012
55.07457375 2013
55.62356895 2014
54.79930753 2015
56.23387318 2016
56.58174777 2017
55.32971912 2018
55.23725595 2019
55.49338878 2020
56.88251745 2021
2022

South Africa | 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
Republic of South Africa
Records
63
Source