Bhutan: Income and profits taxes

* indicates monthly or quarterly data series

Income, profits, and capital gains taxes: percent of revenue

 Latest value 19.94
 Year 2020
 Measure percent
 Data availability 1982 - 2020
 Average 14.03
 Min - Max 3.82 - 28.86
 Source The World Bank
For that indicator, we provide data for Bhutan from 1982 to 2020. The average value for Bhutan during that period was 14.03 percent with a minimum of 3.82 percent in 1982 and a maximum of 28.86 percent in 2019. The latest value from 2020 is 19.94 percent. For comparison, the world average in 2020 based on 118 countries is 24.92 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series

Recent values chart
Bhutan - Income and profits taxes - Recent values chart

Historical chart
Bhutan - Income and profits taxes - historical chart - 1982-2020

Definition: 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.

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 Related indicators Latest value Reference Measure
 Government spending, percent of GDP 22.67 2021 percent
 Government spending, in dollars 0.61 2022 billion U.S. dollars
 Fiscal balance, percent of GDP -4.63 2023 percent
 Government debt 114.36 2023 percent
 Tax revenue 12.28 2020 percent
 Commercial tax rate 35.30 2019 percent
 Tax preparation time 52 2019 hours
 Number of taxes 18 2019 taxes
 Taxes on goods and services 17.93 2020 percent
 Taxes on international trade 2.87 2020 percent
 Income and profits taxes 19.94 2020 percent
 Foreign aid 126.88 2021 million U.S. dollars
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