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%.
Interesting taxation facts
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Central America and the Caribbean
>
Barbados
> Taxation
View full size
BARBADIAN TAXATION STATS:
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Sources
Definitions
Both
Customs and other import duties > % of tax revenue
10.93 %
[33rd of 82]
Customs and other import duties > current LCU
194100000
Highest marginal tax rate, corporate rate > %
36 %
[5th of 108]
Highest marginal tax rate, individual > on income exceeding, US$
12,100 $
[59th of 93]
Highest marginal tax rate, individual rate > %
40 %
[25th of 102]
Net taxes on products > constant LCU
206075500
Net taxes on products > current LCU
1009600000
Net taxes on products > current US$
501,963,900 $
[96th of 159]
Net taxes on products > current US$ (per $ GDP)
179.484 $ per $1 billion of GDP
[8th of 174]
Net taxes on products > current US$ (per capita)
1,866.863 $ per 1 million people
[22nd of 174]
Other taxes > % of revenue
6.54 %
[13th of 91]
Other taxes > current LCU
161300000
Social contributions > % of revenue
19.61 %
[35th of 78]
Social contributions > current LCU
483900000
Tax revenue > % of GDP
31.57 %
[4th of 98]
Tax revenue > current LCU
1775600000
Taxes on exports > % of tax revenue
0.04 %
[22nd of 36]
Taxes on exports > current LCU
700000
Taxes on goods and services > % of revenue
33.3 %
[44th of 98]
Taxes on goods and services > % value added of industry and services
18.46 %
[8th of 89]
Taxes on goods and services > current LCU
821500000
Taxes on income, profits and capital gains > % of revenue
24.18 %
[30th of 98]
Taxes on income, profits and capital gains > % of total taxes
33.59 %
[39th of 98]
Taxes on income, profits and capital gains > current LCU
596500000
Taxes on international trade > % of revenue
7.96 %
[34th of 86]
Taxes on international trade > current LCU
196300000
SOURCES:
World Development Indicators database
ALTERNATIVE NAMES:
Barbados
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Barbados
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