Taxes on income, profits and capital gains in Palau
Palau: Taxes on income, profits and capital gains was 11.24 million current LCU in 2020. ▲ Rising
Taxes on income, profits and capital gains in Palau, 2008–2020
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
In 2020, taxes on income, profits and capital gains in Palau stood at 11.24 million current LCU. That is the highest value across all 13 years on record.
The figure is up 3.2% on the previous year and up 68.4% over ten years.
Over the whole period, taxes on income, profits and capital gains in Palau peaked at 11.24 million current LCU in 2020 and was at its lowest, 6.64 million current LCU, in 2009.
Palau ranks 151st of 153 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 13 years of available data.
Taxes on income, profits and capital gains in Palau, year by year
| Year | current LCU | Change |
|---|---|---|
| 2008 | 6.97 million current LCU | — |
| 2009 | 6.64 million current LCU | -4.6% |
| 2010 | 6.67 million current LCU | +0.5% |
| 2011 | 7.13 million current LCU | +6.8% |
| 2012 | 7.14 million current LCU | +0.2% |
| 2013 | 7.36 million current LCU | +3.0% |
| 2014 | 8.15 million current LCU | +10.8% |
| 2015 | 9.14 million current LCU | +12.2% |
| 2016 | 10.02 million current LCU | +9.6% |
| 2017 | 10.93 million current LCU | +9.1% |
| 2018 | 10.97 million current LCU | +0.3% |
| 2019 | 10.90 million current LCU | -0.6% |
| 2020 | 11.24 million current LCU | +3.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 6.80 million current LCU | 6.64 million current LCU | 6.97 million current LCU | 2 |
| 2010s | 8.84 million current LCU | 6.67 million current LCU | 10.97 million current LCU | 10 |
| 2020s | 11.24 million current LCU | 11.24 million current LCU | 11.24 million current LCU | 1 |
Countries ranked near Palau
- 148 Naoero 28.60 million current LCU compare
- 149 Marshall Islands 16.57 million current LCU compare
- 150 Micronesia, Federated States of 15.07 million current LCU compare
- 152 Bahrain 6.64 million current LCU compare
- 153 Zimbabwe 753,418 current LCU compare
More public sector data for Palau
- Tax revenue 18.1% (2020)
- Taxes on income, profits and capital gains 8.8% (2020)
- Taxes on goods and services 14.2% (2020)
- Net investment in nonfinancial assets 6.4% (2020)
- Net lending (+) / net borrowing (-) -9.5% (2020)
- Interest payments 0.6% (2020)
- Grants and other revenue 63.3% (2020)
- Interest payments 0.5% (2020)
- Other taxes 1.4% (2020)
- Compensation of employees 31.0% (2020)
Frequently asked questions
- What is taxes on income, profits and capital gains in Palau?
- Taxes on income, profits and capital gains in Palau was 11.24 million current LCU in 2020, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest taxes on income, profits and capital gains recorded in Palau?
- The highest recorded value was 11.24 million current LCU in 2020.
- What is the lowest taxes on income, profits and capital gains recorded in Palau?
- The lowest recorded value was 6.64 million current LCU in 2009.
- How does Palau rank for taxes on income, profits and capital gains?
- Palau ranks 151st out of 153 countries with data for 2020.
- Is taxes on income, profits and capital gains rising or falling in Palau?
- Over the last ten years it is up 68.4%. The long-run trend across the full record is rising.
- Where does this Palau data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Taxes on income, profits and capital gains (current LCU). Statizoid updates them automatically from the source API.
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About this data
Taxes on income, profits, and capital gains are taxes payable on the actual or presumed incomes, profits and capital gains. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.