Taxes on income, profits and capital gains in San Marino
San Marino: Taxes on income, profits and capital gains was 21.8% in 2024. ▼ Falling
Taxes on income, profits and capital gains in San Marino, 1995–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of revenue.
Analysis
San Marino recorded 21.8% for taxes on income, profits and capital gains in 2024.
Compared with earlier readings it is up 12.1% on the previous year and up 26.9% over ten years.
Over the whole period, taxes on income, profits and capital gains in San Marino peaked at 25.9% in 1995 and was at its lowest, 14.6%, in 2012.
That places San Marino 86th out of 153 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently falling across the 24 years of available data.
Taxes on income, profits and capital gains in San Marino, year by year
| Year | % of revenue | Change |
|---|---|---|
| 1995 | 25.9% | — |
| 2002 | 23.3% | -10.0% |
| 2003 | 22.0% | -5.4% |
| 2004 | 19.2% | -12.7% |
| 2005 | 20.2% | +4.8% |
| 2006 | 18.7% | -7.4% |
| 2007 | 18.9% | +1.0% |
| 2008 | 18.5% | -2.0% |
| 2009 | 17.4% | -5.7% |
| 2010 | 15.6% | -10.5% |
| 2011 | 16.9% | +8.0% |
| 2012 | 14.6% | -13.5% |
| 2013 | 15.5% | +6.1% |
| 2014 | 17.2% | +10.9% |
| 2015 | 16.7% | -2.5% |
| 2016 | 15.4% | -7.9% |
| 2017 | 16.6% | +7.9% |
| 2018 | 17.2% | +3.3% |
| 2019 | 18.2% | +5.7% |
| 2020 | 17.9% | -1.3% |
| 2021 | 19.3% | +7.5% |
| 2022 | 18.1% | -5.9% |
| 2023 | 19.4% | +7.1% |
| 2024 | 21.8% | +12.1% |
San Marino compared with similar countries
- San Marino's 21.8% is below the median for high income countries, which is 24.5%, 89% of the median. (55 countries reporting)
- San Marino's 21.8% is above the median for Europe & Central Asia, which is 20.9%, 1.0× the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 25.9% | 25.9% | 25.9% | 1 |
| 2000s | 19.8% | 17.4% | 23.3% | 8 |
| 2010s | 16.4% | 14.6% | 18.2% | 10 |
| 2020s | 19.3% | 17.9% | 21.8% | 5 |
Countries ranked near San Marino
More public sector data for San Marino
- Tax revenue 17.3% (2023)
- Taxes on goods and services 18.8% (2024)
- Net investment in nonfinancial assets 1.3% (2023)
- Net lending (+) / net borrowing (-) 1.2% (2023)
- Interest payments 5.0% (2024)
- Grants and other revenue 26.0% (2024)
- Interest payments 5.9% (2023)
- Other taxes 2.3% (2024)
- Compensation of employees 23.5% (2023)
- Goods and services expense 22.9% (2023)
Frequently asked questions
- What is taxes on income, profits and capital gains in San Marino?
- Taxes on income, profits and capital gains in San Marino was 21.8% in 2024, 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 San Marino?
- The highest recorded value was 25.9% in 1995.
- What is the lowest taxes on income, profits and capital gains recorded in San Marino?
- The lowest recorded value was 14.6% in 2012.
- How does San Marino rank for taxes on income, profits and capital gains?
- San Marino ranks 86th out of 153 countries with data for 2024.
- Is taxes on income, profits and capital gains rising or falling in San Marino?
- Over the last ten years it is up 26.9%. The long-run trend across the full record is falling.
- Where does this San Marino 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.