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Economy > Tax > Taxes on income Stats: compare key data on Kuwait & Philippines

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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 Kuwait Philippines HISTORY
Profits and capital gains > % of revenue 0.6%
Ranked 70th.
39.64%
Ranked 7th. 66 times more than Kuwait

Profits and capital gains > % of total taxes 22.84%
Ranked 47th.
45.82%
Ranked 16th. Twice as much as Kuwait

Profits and capital gains > Current LCU 122 million
Ranked 5th.
482.25 billion
Ranked 16th. 3953 times more than Kuwait

Profits and capital gains including income tax > % of revenue 0.59%
Ranked 5th.
41.12%
Ranked 9th. 70 times more than Kuwait

Profits and capital gains including income tax > % of total taxes 35.16%
Ranked 4th.
45.96%
Ranked 24th. 31% more than Kuwait

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

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