Saint Lucia: Income and profits taxes
* indicates monthly or quarterly data series
| Saint Lucia |
Income, profits, and capital gains taxes: percent of revenue |
|---|---|
| Latest value | 22.69 |
| Year | 2017 |
| Measure | percent |
| Data availability | 2000 - 2017 |
| Average | 25.00 |
| Min - Max | 21.41 - 29.09 |
| Source | The World Bank |
The latest value from 2017 is 22.69 percent, a decline from 24.26 percent in 2016. In comparison, the world average is 24.09 percent, based on data from 131 countries. Historically, the average for Saint Lucia from 2000 to 2017 is 25 percent. The minimum value, 21.41 percent, was reached in 2004 while the maximum of 29.09 percent was recorded in 2001.
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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 |
|---|---|---|---|
| Fiscal balance, percent of GDP | -2.14 | 2023 | percent |
| Government debt | 85.60 | 2022 | percent |
| Tax revenue | 18.24 | 2017 | percent |
| Commercial tax rate | 34.70 | 2019 | percent |
| Tax preparation time | 110 | 2019 | hours |
| Number of taxes | 35 | 2019 | taxes |
| Taxes on goods and services | 34.80 | 2017 | percent |
| Taxes on international trade | 29.18 | 2017 | percent |
| Income and profits taxes | 22.69 | 2017 | percent |
| Foreign aid | 99.95 | 2021 | million U.S. dollars |