Tonga: Income and profits taxes
* indicates monthly or quarterly data series
| Tonga |
Income, profits, and capital gains taxes: percent of revenue |
|---|---|
| Latest value | 8.88 |
| Year | 2023 |
| Measure | percent |
| Data availability | 2013 - 2023 |
| Average | 10.51 |
| Min - Max | 8.88 - 12.73 |
| Source | The World Bank |
The latest value from 2023 is 8.88 percent, a decline from 9.89 percent in 2022. In comparison, the world average is 25.45 percent, based on data from 85 countries. Historically, the average for Tonga from 2013 to 2023 is 10.51 percent. The minimum value, 8.88 percent, was reached in 2023 while the maximum of 12.73 percent was recorded in 2015.
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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 |
|---|---|---|---|
| Government spending, percent of GDP | 29.13 | 2023 | percent |
| Government spending, in dollars | 0.15 | 2023 | billion U.S. dollars |
| Fiscal balance, percent of GDP | -1.74 | 2021 | percent |
| Tax revenue | 23.77 | 2023 | percent |
| Commercial tax rate | 27.50 | 2019 | percent |
| Tax preparation time | 200 | 2019 | hours |
| Taxes on goods and services | 29.98 | 2023 | percent |
| Taxes on international trade | 4.84 | 2023 | percent |
| Income and profits taxes | 8.88 | 2023 | percent |
| Foreign aid | 295.05 | 2022 | million U.S. dollars |