Taxes on income, profits and capital gains in Palau
Palau: Taxes on income, profits and capital gains was 8.8% 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 % of revenue.
Analysis
The most recent figure for taxes on income, profits and capital gains in Palau is 8.8%, measured in 2020.
Compared with earlier readings it is down 3.6% on the previous year and up 13.0% over ten years.
Over the whole period, taxes on income, profits and capital gains in Palau peaked at 9.5% in 2017 and was at its lowest, 7.5%, in 2012.
Palau ranks 137th 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 | % of revenue | Change |
|---|---|---|
| 2008 | 8.2% | — |
| 2009 | 8.7% | +6.1% |
| 2010 | 7.8% | -10.6% |
| 2011 | 8.2% | +4.9% |
| 2012 | 7.5% | -8.0% |
| 2013 | 8.0% | +6.4% |
| 2014 | 7.6% | -4.4% |
| 2015 | 8.0% | +4.1% |
| 2016 | 8.0% | +1.0% |
| 2017 | 9.5% | +18.8% |
| 2018 | 8.7% | -9.4% |
| 2019 | 9.1% | +5.4% |
| 2020 | 8.8% | -3.6% |
Palau compared with similar countries
- Palau's 8.8% is below the median for high income countries, which is 24.5%, 36% of the median. (55 countries reporting)
- Palau's 8.8% is below the median for East Asia & Pacific, which is 22.7%, 39% of the median. (25 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 8.5% | 8.2% | 8.7% | 2 |
| 2010s | 8.2% | 7.5% | 9.5% | 10 |
| 2020s | 8.8% | 8.8% | 8.8% | 1 |
Countries ranked near Palau
More public sector data for Palau
- Tax revenue 18.1% (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)
- Goods and services expense 18.4% (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 8.8% 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 9.5% in 2017.
- What is the lowest taxes on income, profits and capital gains recorded in Palau?
- The lowest recorded value was 7.5% in 2012.
- How does Palau rank for taxes on income, profits and capital gains?
- Palau ranks 137th 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 13.0%. 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 (% of revenue). Statizoid updates them automatically from the source API.
Download this data
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.