
Fiji: Income and profits taxes
* indicates monthly or quarterly data series
| Fiji |
Income, profits, and capital gains taxes: percent of revenue |
|---|---|
| Latest value | 26.36 |
| Year | 2023 |
| Measure | percent |
| Data availability | 1990 - 2023 |
| Average | 28.73 |
| Min - Max | 20.72 - 40.89 |
| Source | The World Bank |
The latest value from 2023 is 26.36 percent, an increase from 23.45 percent in 2022. In comparison, the world average is 25.45 percent, based on data from 85 countries. Historically, the average for Fiji from 1990 to 2023 is 28.73 percent. The minimum value, 20.72 percent, was reached in 2014 while the maximum of 40.89 percent was recorded in 1991.
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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 | Reference | Measure |
|---|---|---|---|
| Government spending, percent of GDP | 20.80 | 2023 | percent |
| Government spending, in dollars | 1.13 | 2023 | billion U.S. dollars |
| Fiscal balance, percent of GDP | -3.50 | 2019 | percent |
| Government debt | 87.30 | 2022 | percent |
| Tax revenue | 20.67 | 2023 | percent |
| Commercial tax rate | 32.10 | 2019 | percent |
| Tax preparation time | 247 | 2019 | hours |
| Taxes on goods and services | 43.51 | 2023 | percent |
| Taxes on international trade | 13.78 | 2023 | percent |
| Income and profits taxes | 26.36 | 2023 | percent |
| Foreign aid | 358.05 | 2022 | million U.S. dollars |