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 26.62 percent, based on data from 138 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 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 | -11.68 | 2023 | percent |
| Government debt | 87.77 | 2022 | percent |
| Tax revenue | 23.80 | 2017 | percent |
| Commercial tax rate | 37.00 | 2019 | percent |
| Tax preparation time | 108 | 2019 | hours |
| Number of taxes | 36 | 2019 | taxes |
| 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 | 15.49 | 2022 | million U.S. dollars |