Sao Tome and Principe: Commercial tax rate
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Sao Tome and Principe |
Tax rate, percent of commercial profits |
---|---|
Latest value | 37.00 |
Year | 2019 |
Measure | percent |
Data availability | 2005 - 2019 |
Average | 42.13 |
Min - Max | 37.00 - 51.30 |
Source | The World Bank (doing business survey) |
The latest value from 2019 is 37 percent, unchanged from 37 percent in 2018. In comparison, the world average is 40.53 percent, based on data from 184 countries. Historically, the average for Sao Tome and Principe from 2005 to 2019 is 42.13 percent. The minimum value, 37 percent, was reached in 2016 while the maximum of 51.3 percent was recorded in 2006.
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Definition: Total tax rate measures the amount of taxes and mandatory contributions payable by businesses after accounting for allowable deductions and exemptions as a share of commercial profits. Taxes withheld (such as personal income tax) or collected and remitted to tax authorities (such as value added taxes, sales taxes or goods and service taxes) are excluded.
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Related indicators | Latest | Reference | Measure |
---|---|---|---|
Fiscal balance, percent of GDP | -4.20 | 2023 | percent |
Government debt | 50.66 | 2023 | percent |
Commercial tax rate | 37.00 | 2019 | percent |
Tax preparation time | 424 | 2019 | hours |
Number of taxes | 46 | 2019 | taxes |
Foreign aid | 53.13 | 2022 | million U.S. dollars |