Taxes on income, profits and capital gains in Kiribati
Kiribati: Taxes on income, profits and capital gains was 7.4% in 2023. ▼ Falling
Taxes on income, profits and capital gains in Kiribati, 2011–2023
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 Kiribati is 7.4%, measured in 2023.
The figure is down 15.0% on the previous year and up 1.4% over ten years.
Over the whole period, taxes on income, profits and capital gains in Kiribati peaked at 10.7% in 2011 and was at its lowest, 5.7%, in 2015.
That places Kiribati 144th out of 153 countries with data for 2023, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 13 years of available data.
Taxes on income, profits and capital gains in Kiribati, year by year
| Year | % of revenue | Change |
|---|---|---|
| 2011 | 10.7% | — |
| 2012 | 10.2% | -5.5% |
| 2013 | 7.3% | -28.0% |
| 2014 | 6.2% | -15.0% |
| 2015 | 5.7% | -8.5% |
| 2016 | 7.5% | +32.0% |
| 2017 | 7.2% | -4.0% |
| 2018 | 6.0% | -16.6% |
| 2019 | 6.3% | +4.6% |
| 2020 | 6.5% | +3.7% |
| 2021 | 8.2% | +26.2% |
| 2022 | 8.7% | +6.1% |
| 2023 | 7.4% | -15.0% |
Kiribati compared with similar countries
- Kiribati's 7.4% is below the median for lower middle income countries, which is 25.8%, 29% of the median. (35 countries reporting)
- Kiribati's 7.4% is below the median for East Asia & Pacific, which is 22.7%, 33% of the median. (25 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 7.5% | 5.7% | 10.7% | 9 |
| 2020s | 7.7% | 6.5% | 8.7% | 4 |
Countries ranked near Kiribati
More public sector data for Kiribati
- Tax revenue 17.5% (2023)
- Taxes on goods and services 11.8% (2023)
- Net investment in nonfinancial assets 7.1% (2023)
- Net lending (+) / net borrowing (-) -1.4% (2023)
- Interest payments 0.7% (2023)
- Grants and other revenue 80.4% (2023)
- Interest payments 0.8% (2023)
- Compensation of employees 31.4% (2023)
- Goods and services expense 29.4% (2023)
- Taxes on international trade 0.5% (2023)
Frequently asked questions
- What is taxes on income, profits and capital gains in Kiribati?
- Taxes on income, profits and capital gains in Kiribati was 7.4% in 2023, 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 Kiribati?
- The highest recorded value was 10.7% in 2011.
- What is the lowest taxes on income, profits and capital gains recorded in Kiribati?
- The lowest recorded value was 5.7% in 2015.
- How does Kiribati rank for taxes on income, profits and capital gains?
- Kiribati ranks 144th out of 153 countries with data for 2023.
- Is taxes on income, profits and capital gains rising or falling in Kiribati?
- Over the last ten years it is up 1.4%. The long-run trend across the full record is falling.
- Where does this Kiribati 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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CSV · JSON — 13 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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.