San Marino: Taxes on goods and services
* indicates monthly or quarterly data series
| San Marino |
Taxes on goods and services, percent of total revenue |
|---|---|
| Latest value | 19.41 |
| Year | 2023 |
| Measure | percent |
| Data availability | 1995 - 2023 |
| Average | 23.05 |
| Min - Max | 17.58 - 32.49 |
| Source | The World Bank |
The latest value from 2023 is 19.41 percent, an increase from 18.6 percent in 2022. In comparison, the world average is 32.78 percent, based on data from 88 countries. Historically, the average for San Marino from 1995 to 2023 is 23.05 percent. The minimum value, 17.58 percent, was reached in 2020 while the maximum of 32.49 percent was recorded in 1995.
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Definition: Taxes on goods and services include general sales and turnover or value added taxes, selective excises on goods, selective taxes on services, taxes on the use of goods or property, taxes on extraction and production of minerals, and profits of fiscal monopolies.
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Government spending, percent of GDP | 14.15 | 2023 | percent |
| Government spending, in dollars | 0.29 | 2023 | billion U.S. dollars |
| Fiscal balance, percent of GDP | -0.53 | 2024 | percent |
| Primary budget balance | 1.50 | 2024 | percent |
| Tax revenue | 17.27 | 2023 | percent |
| Commercial tax rate | 36.20 | 2019 | percent |
| Tax preparation time | 52 | 2019 | hours |
| Taxes on goods and services | 19.41 | 2023 | percent |
| Taxes on international trade | 0.40 | 2023 | percent |
| Income and profits taxes | 19.42 | 2023 | percent |
| Government debt | 63.94 | 2024 | percent |
| Short-term government debt | 2.54 | 2024 | percent |