Taxes on income, profits and capital gains in Saint Kitts and Nevis
Saint Kitts and Nevis: Taxes on income, profits and capital gains was 15.5% in 2020. ▼ Falling
Taxes on income, profits and capital gains in Saint Kitts and Nevis, 1990–2020
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of revenue.
Analysis
Saint Kitts and Nevis recorded 15.5% for taxes on income, profits and capital gains in 2020.
That represents a change of down 3.5% on the previous year and down 7.5% over ten years.
Over the whole period, taxes on income, profits and capital gains in Saint Kitts and Nevis peaked at 28.1% in 2002 and was at its lowest, 8.6%, in 2013.
That places Saint Kitts and Nevis 121st out of 153 countries with data for 2020, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 24 years of available data.
Taxes on income, profits and capital gains in Saint Kitts and Nevis, year by year
| Year | % of revenue | Change |
|---|---|---|
| 1990 | 18.7% | — |
| 1991 | 18.3% | -1.9% |
| 1992 | 17.3% | -5.7% |
| 1993 | 16.3% | -5.6% |
| 1994 | 16.9% | +3.5% |
| 2000 | 22.5% | +33.5% |
| 2001 | 19.9% | -11.6% |
| 2002 | 28.1% | +41.2% |
| 2003 | 23.9% | -15.2% |
| 2004 | 23.4% | -1.9% |
| 2005 | 26.0% | +10.9% |
| 2006 | 24.7% | -4.8% |
| 2007 | 22.3% | -9.6% |
| 2008 | 23.9% | +7.1% |
| 2009 | 24.7% | +3.4% |
| 2010 | 16.7% | -32.3% |
| 2011 | 12.1% | -27.8% |
| 2012 | 9.8% | -18.9% |
| 2013 | 8.6% | -12.8% |
| 2014 | 9.9% | +15.3% |
| 2015 | 13.5% | +36.8% |
| 2016 | 14.8% | +9.7% |
| 2017 | 16.1% | +8.5% |
| 2020 | 15.5% | -3.5% |
Saint Kitts and Nevis compared with similar countries
- Saint Kitts and Nevis's 15.5% is below the median for high income countries, which is 24.5%, 63% of the median. (55 countries reporting)
- Saint Kitts and Nevis's 15.5% is below the median for Latin America & Caribbean, which is 25.4%, 61% of the median. (24 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 17.5% | 16.3% | 18.7% | 5 |
| 2000s | 24.0% | 19.9% | 28.1% | 10 |
| 2010s | 12.7% | 8.6% | 16.7% | 8 |
| 2020s | 15.5% | 15.5% | 15.5% | 1 |
Countries ranked near Saint Kitts and Nevis
- 118 Albania 16.0% compare
- 119 Burundi 15.8% compare
- 120 Seychelles 15.8% compare
- 122 Costa Rica 15.3% compare
- 123 Kyrgyzstan 14.5% compare
- 124 Samoa 13.8% compare
More public sector data for Saint Kitts and Nevis
- Tax revenue 15.0% (2020)
- Capital stock, General government, Current prices, Domestic currency 2.15 (2019)
- Capital stock, General government, Constant prices, Percent of GDP 89.02 (2019)
- Capital stock, General government, Constant prices, Purchasing power 1.04 (2019)
- Taxes on goods and services 21.0% (2020)
- Net investment in nonfinancial assets 5.1% (2020)
- Capital stock, General government, Current prices, Domestic currency 0 units per person (2019)
- Capital stock, General government, Current prices, Domestic currency 0 units per US$ of GDP (2019)
- Net lending (+) / net borrowing (-) -2.3% (2020)
- Capital stock, General government, Current prices, Domestic currency 0.0083 units per square kilometre (2019)
Frequently asked questions
- What is taxes on income, profits and capital gains in Saint Kitts and Nevis?
- Taxes on income, profits and capital gains in Saint Kitts and Nevis was 15.5% 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 Saint Kitts and Nevis?
- The highest recorded value was 28.1% in 2002.
- What is the lowest taxes on income, profits and capital gains recorded in Saint Kitts and Nevis?
- The lowest recorded value was 8.6% in 2013.
- How does Saint Kitts and Nevis rank for taxes on income, profits and capital gains?
- Saint Kitts and Nevis ranks 121st out of 153 countries with data for 2020.
- Is taxes on income, profits and capital gains rising or falling in Saint Kitts and Nevis?
- Over the last ten years it is down 7.5%. The long-run trend across the full record is falling.
- Where does this Saint Kitts and Nevis 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.