Taxes on income, profits and capital gains in Tonga
Tonga: Taxes on income, profits and capital gains was 8.9% in 2023. ▼ Falling
Taxes on income, profits and capital gains in Tonga, 2013–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of revenue.
Analysis
Tonga recorded 8.9% for taxes on income, profits and capital gains in 2023. That is the lowest value across all 11 years on record.
Compared with earlier readings it is down 10.2% on the previous year and down 28.9% over ten years.
Over the whole period, taxes on income, profits and capital gains in Tonga peaked at 12.7% in 2015 and was at its lowest, 8.9%, in 2023.
That places Tonga 136th out of 153 countries with data for 2023, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 11 years of available data.
Taxes on income, profits and capital gains in Tonga, year by year
| Year | % of revenue | Change |
|---|---|---|
| 2013 | 12.5% | — |
| 2014 | 9.5% | -23.9% |
| 2015 | 12.7% | +34.0% |
| 2016 | 9.7% | -24.0% |
| 2017 | 10.4% | +7.5% |
| 2018 | 10.7% | +2.5% |
| 2019 | 11.4% | +6.8% |
| 2020 | 10.6% | -6.8% |
| 2021 | 9.4% | -11.4% |
| 2022 | 9.9% | +5.2% |
| 2023 | 8.9% | -10.2% |
Tonga compared with similar countries
- Tonga's 8.9% is below the median for upper middle income countries, which is 22.7%, 39% of the median. (48 countries reporting)
- Tonga's 8.9% 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 |
|---|---|---|---|---|
| 2010s | 11.0% | 9.5% | 12.7% | 7 |
| 2020s | 9.7% | 8.9% | 10.6% | 4 |
Countries ranked near Tonga
More public sector data for Tonga
- Arms imports 7.00 million SIPRI trend indicator values (2020)
- Arms imports (SIPRI trend indicator values), per capita 66.22 SIPRI trend indicator values per person (2020)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0138 SIPRI trend indicator values per US$ of GDP (2020)
- Arms imports (SIPRI trend indicator values), gaps filled 7.00 million SIPRI trend indicator values (2020)
- Arms imports (SIPRI trend indicator values), per square kilometre 9,722 SIPRI trend indicator values per square kilometre (2020)
- Tax revenue 20.5% (2023)
- Taxes on goods and services 30.0% (2023)
- Net investment in nonfinancial assets 6.8% (2023)
- Net lending (+) / net borrowing (-) 5.3% (2023)
- Interest payments 1.3% (2023)
Frequently asked questions
- What is taxes on income, profits and capital gains in Tonga?
- Taxes on income, profits and capital gains in Tonga was 8.9% 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 Tonga?
- The highest recorded value was 12.7% in 2015.
- What is the lowest taxes on income, profits and capital gains recorded in Tonga?
- The lowest recorded value was 8.9% in 2023.
- How does Tonga rank for taxes on income, profits and capital gains?
- Tonga ranks 136th out of 153 countries with data for 2023.
- Is taxes on income, profits and capital gains rising or falling in Tonga?
- Over the last ten years it is down 28.9%. The long-run trend across the full record is falling.
- Where does this Tonga 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 — 11 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.