Laos: Income and profits taxes
* indicates monthly or quarterly data series
| Laos |
Income, profits, and capital gains taxes: percent of revenue |
|---|---|
| Latest value | 19.33 |
| Year | 2022 |
| Measure | percent |
| Data availability | 2008 - 2022 |
| Average | 16.19 |
| Min - Max | 12.45 - 21.74 |
| Source | The World Bank |
The latest value from 2022 is 19.33 percent, an increase from 15.61 percent in 2021. In comparison, the world average is 26.59 percent, based on data from 113 countries. Historically, the average for Laos from 2008 to 2022 is 16.19 percent. The minimum value, 12.45 percent, was reached in 2014 while the maximum of 21.74 percent was recorded in 2008.
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Definition: Taxes on income, profits, and capital gains are taxes payable on the actual or presumed incomes, profits and capital gains. This indicator is expressed as a percentage of revenue which includes all transactions that add to the amount of economic value of a unit or sector.
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Government spending, percent of GDP | 13.97 | 2016 | percent |
| Government spending, in dollars | 2.22 | 2016 | billion U.S. dollars |
| Fiscal balance, percent of GDP | 2.34 | 2024 | percent |
| Primary budget balance | 5.95 | 2024 | percent |
| Tax revenue | 12.11 | 2022 | percent |
| Commercial tax rate | 24.10 | 2019 | percent |
| Tax preparation time | 362 | 2019 | hours |
| Taxes on goods and services | 53.89 | 2022 | percent |
| Taxes on international trade | 8.08 | 2022 | percent |
| Income and profits taxes | 19.33 | 2022 | percent |
| Foreign aid | 514.84 | 2023 | million U.S. dollars |
| Government debt | 100.48 | 2024 | percent |
| Short-term government debt | 2.33 | 2024 | percent |