Vanuatu: Income and profits taxes
* indicates monthly or quarterly data series
| Vanuatu |
Income, profits, and capital gains taxes: percent of revenue |
|---|---|
| Latest value | 0.23 |
| Year | 2021 |
| Measure | percent |
| Data availability | 2021 - 2021 |
| Average | 0.23 |
| Min - Max | 0.23 - 0.23 |
| Source | The World Bank |
The latest value from 2021 is 0.23 percent, unavailable from percent in . In comparison, the world average is 24.57 percent, based on data from 121 countries. Historically, the average for Vanuatu from 2021 to 2021 is 0.23 percent. The minimum value, 0.23 percent, was reached in 2021 while the maximum of 0.23 percent was recorded in 2021.
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The value of that indicator for 2021 is 0.23 percent.
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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 | 23.33 | 2022 | percent |
| Government spending, in dollars | 0.28 | 2024 | billion U.S. dollars |
| Fiscal balance, percent of GDP | -2.34 | 2024 | percent |
| Primary budget balance | -1.47 | 2024 | percent |
| Tax revenue | 16.50 | 2023 | percent |
| Commercial tax rate | 8.50 | 2019 | percent |
| Tax preparation time | 120 | 2019 | hours |
| Taxes on goods and services | 39.01 | 2023 | percent |
| Taxes on international trade | 10.65 | 2023 | percent |
| Income and profits taxes | 0.23 | 2021 | percent |
| Foreign aid | 150.05 | 2023 | million U.S. dollars |
| Government debt | 45.34 | 2024 | percent |