Taxes on income, profits and capital gains in Bhutan
Bhutan: Taxes on income, profits and capital gains was 19.9% in 2020. ◆ Volatile
Taxes on income, profits and capital gains in Bhutan, 1982–2020
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of revenue.
Analysis
The most recent figure for taxes on income, profits and capital gains in Bhutan is 19.9%, measured in 2020.
Compared with earlier readings it is down 30.9% on the previous year and down 12.4% over ten years.
Over the whole period, taxes on income, profits and capital gains in Bhutan peaked at 28.9% in 2019 and was at its lowest, 3.8%, in 1982.
That places Bhutan 92nd out of 153 countries with data for 2020, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Taxes on income, profits and capital gains in Bhutan, year by year
| Year | % of revenue | Change |
|---|---|---|
| 1982 | 3.8% | — |
| 1984 | 4.2% | +10.2% |
| 1985 | 4.0% | -4.6% |
| 1986 | 5.2% | +28.3% |
| 1988 | 4.1% | -20.9% |
| 1989 | 4.7% | +16.2% |
| 1990 | 5.0% | +6.2% |
| 1991 | 4.2% | -16.3% |
| 1992 | 4.3% | +3.2% |
| 1993 | 5.4% | +23.9% |
| 1994 | 5.5% | +1.8% |
| 1995 | 7.4% | +35.0% |
| 1996 | 9.7% | +30.7% |
| 1997 | 10.7% | +10.9% |
| 1998 | 13.7% | +27.6% |
| 1999 | 10.6% | -22.5% |
| 2000 | 13.6% | +27.9% |
| 2001 | 13.8% | +2.0% |
| 2002 | 14.8% | +7.2% |
| 2003 | 18.1% | +22.2% |
| 2004 | 13.7% | -24.6% |
| 2005 | 14.7% | +7.1% |
| 2006 | 13.6% | -7.0% |
| 2007 | 13.1% | -3.8% |
| 2008 | 13.9% | +6.3% |
| 2009 | 15.9% | +14.2% |
| 2010 | 22.8% | +43.1% |
| 2011 | 25.2% | +10.7% |
| 2012 | 23.0% | -8.8% |
| 2013 | 25.5% | +11.0% |
| 2014 | 25.0% | -2.1% |
| 2015 | 27.3% | +9.3% |
| 2016 | 24.7% | -9.7% |
| 2017 | 24.3% | -1.4% |
| 2018 | 24.7% | +1.5% |
| 2019 | 28.9% | +16.9% |
| 2020 | 19.9% | -30.9% |
Bhutan compared with similar countries
- Bhutan's 19.9% is below the median for lower middle income countries, which is 25.8%, 77% of the median. (35 countries reporting)
- Bhutan's 19.9% is below the median for South Asia, which is 26.2%, 76% of the median. (6 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 4.3% | 3.8% | 5.2% | 6 |
| 1990s | 7.7% | 4.2% | 13.7% | 10 |
| 2000s | 14.5% | 13.1% | 18.1% | 10 |
| 2010s | 25.1% | 22.8% | 28.9% | 10 |
| 2020s | 19.9% | 19.9% | 19.9% | 1 |
Countries ranked near Bhutan
More public sector data for Bhutan
- Arms imports 4.00 million SIPRI trend indicator values (2021)
- Arms imports (SIPRI trend indicator values), per capita 5.16 SIPRI trend indicator values per person (2021)
- Arms imports (SIPRI trend indicator values), gaps filled 4.00 million SIPRI trend indicator values (2021)
- Arms imports (SIPRI trend indicator values), per square kilometre 104.88 SIPRI trend indicator values per square kilometre (2021)
- Tax revenue 12.3% (2020)
- Capital stock, General government, Current prices, Domestic currency 245.49 (2019)
- Capital stock, General government, Constant prices, Percent of GDP 94.12 (2019)
- Capital stock, General government, Constant prices, Purchasing power 8.39 (2019)
- Taxes on goods and services 17.9% (2020)
- Net investment in nonfinancial assets 8.6% (2020)
Frequently asked questions
- What is taxes on income, profits and capital gains in Bhutan?
- Taxes on income, profits and capital gains in Bhutan was 19.9% 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 Bhutan?
- The highest recorded value was 28.9% in 2019.
- What is the lowest taxes on income, profits and capital gains recorded in Bhutan?
- The lowest recorded value was 3.8% in 1982.
- How does Bhutan rank for taxes on income, profits and capital gains?
- Bhutan ranks 92nd out of 153 countries with data for 2020.
- Is taxes on income, profits and capital gains rising or falling in Bhutan?
- Over the last ten years it is down 12.4%. The long-run trend across the full record is volatile.
- Where does this Bhutan 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 (% of revenue). 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 as a percentage of revenue which includes all transactions that add to the amount of economic value of a unit or sector.