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Economy > Tax > Taxes on income Stats: compare key data on India & Latvia

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Definitions

  • Profits and capital gains > % of revenue: Taxes on income, profits, and capital gains are levied on the actual or presumptive net income of individuals, on the profits of corporations and enterprises, and on capital gains, whether realized or not, on land, securities, and other assets. Intragovernmental payments are eliminated in consolidation.
  • Profits and capital gains > % of total taxes: Taxes on income, profits, and capital gains are levied on the actual or presumptive net income of individuals, on the profits of corporations and enterprises, and on capital gains, whether realized or not, on land, securities, and other assets. Intragovernmental payments are eliminated in consolidation.
  • Profits and capital gains > Current LCU: Taxes on income, profits, and capital gains are levied on the actual or presumptive net income of individuals, on the profits of corporations and enterprises, and on capital gains, whether realized or not, on land, securities, and other assets. Intragovernmental payments are eliminated in consolidation."
  • Profits and capital gains including income tax > % of revenue: Taxes on income, profits, and capital gains are levied on the actual or presumptive net income of individuals, on the profits of corporations and enterprises, and on capital gains, whether realized or not, on land, securities, and other assets. Intragovernmental payments are eliminated in consolidation."
  • Profits and capital gains including income tax > % of total taxes: Taxes on income, profits, and capital gains are levied on the actual or presumptive net income of individuals, on the profits of corporations and enterprises, and on capital gains, whether realized or not, on land, securities, and other assets. Intragovernmental payments are eliminated in consolidation."
STAT India Latvia HISTORY
Profits and capital gains > % of revenue 35.36%
Ranked 13th. 3 times more than Latvia
12.08%
Ranked 51st.

Profits and capital gains > % of total taxes 43.86%
Ranked 22nd. 88% more than Latvia
23.32%
Ranked 45th.

Profits and capital gains > Current LCU 3.55 trillion
Ranked 2nd. 5016 times more than Latvia
708 million
Ranked 80th.

Profits and capital gains including income tax > % of revenue 44.41%
Ranked 8th. 3 times more than Latvia
15.21%
Ranked 66th.

Profits and capital gains including income tax > % of total taxes 51.64%
Ranked 13th. 77% more than Latvia
29.14%
Ranked 52nd.

SOURCES: World Development Indicators database; International Monetary Fund, Government Finance Statistics Yearbook and data files.

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