Saint Vincent and the Grenadines: Income and profits taxes
* indicates monthly or quarterly data series
| Saint Vincent and the Grenadines |
Income, profits, and capital gains taxes: percent of revenue |
|---|---|
| Latest value | 24.69 |
| Year | 2017 |
| Measure | percent |
| Data availability | 1990 - 2017 |
| Average | 23.89 |
| Min - Max | 19.66 - 28.12 |
| Source | The World Bank |
The latest value from 2017 is 24.69 percent, a decline from 25.2 percent in 2016. In comparison, the world average is 23.81 percent, based on data from 136 countries. Historically, the average for Saint Vincent and the Grenadines from 1990 to 2017 is 23.89 percent. The minimum value, 19.66 percent, was reached in 1990 while the maximum of 28.12 percent was recorded in 2002.
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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 |
|---|---|---|---|
| Fiscal balance, percent of GDP | -12.90 | 2024 | percent |
| Primary budget balance | -10.09 | 2024 | percent |
| Tax revenue | 23.80 | 2017 | percent |
| Commercial tax rate | 37.00 | 2019 | percent |
| Tax preparation time | 108 | 2019 | hours |
| Taxes on goods and services | 43.46 | 2017 | percent |
| Taxes on international trade | 17.63 | 2017 | percent |
| Income and profits taxes | 24.69 | 2017 | percent |
| Foreign aid | 21.28 | 2023 | million U.S. dollars |
| Government debt | 92.68 | 2024 | percent |