Taxes on Income, Profits and Capital Gains (As % of Revenue) fell to 24.4% in Bhutan in 2016

Taxes on Income, Profits and Capital Gains (As % of Revenue) (%)
Economy | Bhutan | February 1, 2019
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Taxes on income, profits and capital gains as a share of revenue reached 27.5 % in 2015 in Bhutan, according to the National Statistical Office. This is 12.7 % more than in the previous year.

Historically, taxes on income, profits and capital gains as a share of revenue in Bhutan reached an all time high of 27.5 % in 2015 and an all time low of 3.82 % in 1982. When compared to Bhutan's main peers, taxes on income, profits and capital gains as a share of revenue in Bangladesh amounted to 26.9 %, 20.6 % in China and 19.1 % in Nepal in 2015.

Bhutan has been ranked 45th within the group of 117 countries we follow in terms of taxes on income, profits and capital gains as a share of revenue, 44 places above the position seen 10 years ago.

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 realised or not, on land, securities, and other assets.

Taxes on Income, Profits and Capital Gains (As % of Revenue) Unit 2009 2010 2011 2012 2013 2014 2015 2016 2017
Bangladesh % 22.3% 23.2% 24.5% 24.9% 26.9% ...
Bhutan % 25.2% 23.0% 25.5% 25.0% 27.5% ...
China % 24.9% 26.0% 28.3% 19.9% 20.6% ...
India % 43.4% 44.8% 46.6% ... ... ... ...
Japan % 47.7% 49.0% 51.0% 48.7% 46.9%
Myanmar % ... ... ... 7.56% 10.4% 10.0% 12.0%
Nepal % 17.1% 18.0% 19.4% 18.7% 19.1%
Pakistan % 27.4% 28.8% 27.9% 24.5% ... ... ...
Russia % 1.70% 1.90% 1.72% 1.90% 1.90%
Sri Lanka % 16.6% 16.2% 17.8% 16.7% 18.0%
USA % 52.8% 53.5% 51.1% 53.1% 54.1%