Lesotho: Income and profits taxes
* indicates monthly or quarterly data series
| Lesotho |
Income, profits, and capital gains taxes: percent of revenue |
|---|---|
| Latest value | 23.29 |
| Year | 2022 |
| Measure | percent |
| Data availability | 1984 - 2022 |
| Average | 18.43 |
| Min - Max | 8.22 - 26.52 |
| Source | The World Bank |
The latest value from 2022 is 23.29 percent, an increase from 22.29 percent in 2021. In comparison, the world average is 31.54 percent, based on data from 93 countries. Historically, the average for Lesotho from 1984 to 2022 is 18.43 percent. The minimum value, 8.22 percent, was reached in 1984 while the maximum of 26.52 percent was recorded in 2016.
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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 | 34.17 | 2022 | percent |
| Government spending, in dollars | 0.78 | 2022 | billion U.S. dollars |
| Fiscal balance, percent of GDP | -5.50 | 2019 | percent |
| Government debt | 59.86 | 2022 | percent |
| Tax revenue | 31.31 | 2022 | percent |
| Commercial tax rate | 13.60 | 2019 | percent |
| Tax preparation time | 327 | 2019 | hours |
| Number of taxes | 32 | 2019 | taxes |
| Taxes on goods and services | 31.37 | 2022 | percent |
| Taxes on international trade | 8.76 | 2022 | percent |
| Income and profits taxes | 23.29 | 2022 | percent |
| Foreign aid | 153.29 | 2022 | million U.S. dollars |