Iraq: Income and profits taxes

* indicates monthly or quarterly data series

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

 Latest value 1.99
 Year 2019
 Measure percent
 Data availability 2014 - 2019
 Average 3.17
 Min - Max 1.27 - 5.61
 Source The World Bank
For that indicator, we provide data for Iraq from 2014 to 2019. The average value for Iraq during that period was 3.17 percent with a minimum of 1.27 percent in 2014 and a maximum of 5.61 percent in 2017. The latest value from 2019 is 1.99 percent. For comparison, the world average in 2019 based on 124 countries is 24.70 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
Iraq - Income and profits taxes - Recent values chart

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.

 Related indicators Latest value Reference Measure
 Government spending, percent of GDP 17.89 2021 percent
 Government spending, in dollars 37.15 2021 billion U.S. dollars
 Fiscal balance, percent of GDP 11.68 2022 percent
 Government debt 58.92 2017 percent
 Tax revenue 1.34 2019 percent
 Commercial tax rate 30.80 2019 percent
 Tax preparation time 312 2019 hours
 Number of taxes 15 2019 taxes
 Taxes on goods and services 0.35 2019 percent
 Taxes on international trade 0.89 2019 percent
 Income and profits taxes 1.99 2019 percent
 Foreign aid 1,809.38 2021 million U.S. dollars
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