FACTOID # 4: Tax makes up half of the of Gross Domestic Product in Denmark and Sweden. In Japan and the United States, it makes up less than 30%.
 
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Central America and the Caribbean > Nicaragua > Taxation

NICARAGUAN TAXATION STATS:   Top Stats   All Stats  
View this page with:    Just Stats   Sources   Definitions   Both  
Average time to clear customs > days 16 days ... [16th of 39]
CPIA fiscal policy rating 22 ... [22nd of 75]
Customs and other import duties > % of tax revenue 36 % ... [36th of 82]
Customs and other import duties > current LCU 898472000 ...
Highest marginal tax rate, corporate rate > % 33 % ... [33rd of 108]
Highest marginal tax rate, individual > on income exceeding, US$ 38 $ ... [38th of 93]
Highest marginal tax rate, individual rate > % 56 % ... [56th of 102]
Net taxes on products > constant LCU 2849000000 ...
Net taxes on products > current LCU 9775100000 ...
Net taxes on products > current US$ 89 $ ... [89th of 159]
Other taxes > % of revenue 63 % ... [63rd of 91]
Other taxes > current LCU 18794000 ...
Social contributions > % of revenue 39 % ... [39th of 78]
Social contributions > current LCU 3362785000 ...
Tax payments > number 18 ... [18th of 171]
Tax rates > % of managers surveyed ranking this as a major business constraint 10 % ... [10th of 39]
Tax revenue > % of GDP 40 % ... [40th of 98]
Tax revenue > current LCU 13645480000 ...
Taxes on exports > % of tax revenue 31 % ... [31st of 36]
Taxes on exports > current LCU 100000 ...

... View all Taxation stats

SOURCES: Average time to clear customs is the number of days to clear an imported good through customs.; Fiscal policy assesses the short- and medium-term sustainability of fiscal policy (taking into account monetary and exchange rate policy and the sustainability of the public debt) and its impact on growth.; Customs and other import duties are all levies collected on goods that are entering the country or services delivered by nonresidents to residents. They include levies imposed for revenue or protection purposes and determined on a specific or ad valorem basis as long as they are restricted to imported goods or services.; Highest marginal tax rate (corporate rate) is the highest rate shown on the schedule of tax rates applied to the taxable income of corporations.; Highest marginal tax rate (individual rate) is the highest rate shown on the schedule of tax rates applied to the taxable income of individuals. This series presents the income levels for individuals above which the highest marginal tax rates levied at the national level apply.; Highest marginal tax rate (individual rate) is the highest rate shown on the schedule of tax rates applied to the taxable income of individuals.; Net taxes on products (net indirect taxes) are the sum of product taxes less subsidies. Product taxes are those taxes payable by producers that relate to the production, sale, purchase or use of the goods and services. Subsidies are grants on the current account made by general government to private enterprises and unincorporated public enterprises. The grants may take the form of payments to ensure a guaranteed price or to enable maintenance of prices of goods and services below costs of production, and other forms of assistance to producers. Data are in constant local currency.; Net taxes on products (net indirect taxes) are the sum of product taxes less subsidies. Product taxes are those taxes payable by producers that relate to the production, sale, purchase or use of the goods and services. Subsidies are grants on the current account made by general government to private enterprises and unincorporated public enterprises. The grants may take the form of payments to ensure a guaranteed price or to enable maintenance of prices of goods and services below costs of production, and other forms of assistance to producers. Data are in current local currency.; Net taxes on products (net indirect taxes) are the sum of product taxes less subsidies. Product taxes are those taxes payable by producers that relate to the production, sale, purchase or use of the goods and services. Subsidies are grants on the current account made by general government to private enterprises and unincorporated public enterprises. The grants may take the form of payments to ensure a guaranteed price or to enable maintenance of prices of goods and services below costs of production, and other forms of assistance to producers. Data are in current U.S. dollars.; Other taxes include employer payroll or labor taxes, taxes on property, and taxes not allocable to other categories, such as penalties for late payment or nonpayment of taxes.; Social contributions include social security contributions by employees, employers, and self-employed individuals, and other contributions whose source cannot be determined. They also include actual or imputed contributions to social insurance schemes operated by governments.; Tax payments by businesses are the total number of taxes paid by businesses, including electronic filing. The tax is counted as paid once a year even if payments are more frequent.; Tax rates as a major constraint measure the share of senior managers who ranked tax rates as a major or very severe constraint.; Tax revenue refers to compulsory transfers to the central government for public purposes. Certain compulsory transfers such as fines, penalties, and most social security contributions are excluded. Refunds and corrections of erroneously collected tax revenue are treated as negative revenue.; Taxes on exports are all levies on goods being transported out of the country or services being delivered to nonresidents by residents. Rebates on exported goods that are repayments of previously paid general consumption taxes, excise taxes, or import duties are deducted from the gross amounts receivable from these taxes, not from amounts receivable from export taxes.

ALTERNATIVE NAMES: Nicaragua, Republic of Nicaragua, Republica de Nicaragua

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