Zimbabwe: Income and profits taxes
* indicates monthly or quarterly data series
| Zimbabwe |
Income, profits, and capital gains taxes: percent of revenue |
|---|---|
| Latest value | 33.32 |
| Year | 2018 |
| Measure | percent |
| Data availability | 2009 - 2018 |
| Average | 30.95 |
| Min - Max | 21.87 - 34.18 |
| Source | The World Bank |
The latest value from 2018 is 33.32 percent, an increase from 32.62 percent in 2017. In comparison, the world average is 24.79 percent, based on data from 125 countries. Historically, the average for Zimbabwe from 2009 to 2018 is 30.95 percent. The minimum value, 21.87 percent, was reached in 2009 while the maximum of 34.18 percent was recorded in 2015.
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* indicates monthly or quarterly data series
Recent data
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 | 16.70 | 2022 | percent |
| Government spending, in dollars | 4.57 | 2022 | billion U.S. dollars |
| Fiscal balance, percent of GDP | -2.00 | 2023 | percent |
| Government debt | 90.23 | 2023 | percent |
| Tax revenue | 7.21 | 2018 | percent |
| Commercial tax rate | 31.60 | 2019 | percent |
| Tax preparation time | 242 | 2019 | hours |
| Number of taxes | 51 | 2019 | taxes |
| Taxes on goods and services | 41.23 | 2018 | percent |
| Taxes on international trade | 7.66 | 2018 | percent |
| Income and profits taxes | 33.32 | 2018 | percent |
| Foreign aid | 974.39 | 2021 | million U.S. dollars |