.png "Philippines Taxes on income, profits and capital gains (% of total taxes)")
| Data: | Taxes on income, profits and capital gains (% of total taxes) | ||||||||
| Year: | 1960 - 2013 | ||||||||
| Country: | Philippines | ||||||||
| Source: | World Bank (the information in this section is direct quotation from World Bank development data) | ||||||||
| Series Code: | GC.TAX.YPKG.ZS | ||||||||
| Topic: | Public Sector: Government finance: Revenue | ||||||||
| Short Definition: | 0 | ||||||||
| Long Definition: | 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. | ||||||||
| Unit of Measurement: | 0 | ||||||||
| Periodicity: | Annual | ||||||||
| Base Period: | 0 | ||||||||
| Reference Period: | 0 | ||||||||
| Aggregation method: | 0 | ||||||||
| Limitations and exceptions: | For most
countries central government finance data have been consolidated into one
account, but for others only budgetary central government accounts are
available. Countries reporting budgetary data are noted in the country
metadata. Because budgetary accounts may not include all central government
units (such as social security funds), they usually provide an incomplete
picture. In federal states the central government accounts provide an
incomplete view of total public finance. Data on government revenue and expense are collected by the IMF through questionnaires to member countries and by the Organisation for Economic Co-operation and Development (OECD). Despite IMF efforts to standardize data collection, statistics are often incomplete, untimely, and not comparable across countries. |
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| Notes from original source: | 0 | ||||||||
| General Comments: | 0 | ||||||||
| Original Source: | International Monetary Fund, Government Finance Statistics Yearbook and data files. | ||||||||
| Statistical concept and methodology: | The IMF's
Government Finance Statistics Manual 2001, harmonized with the 1993 SNA,
recommends an accrual accounting method, focusing on all economic events
affecting assets, liabilities, revenues, and expenses, not just those
represented by cash transactions. It accounts for all changes in stocks, so
stock data at the end of an accounting period equal stock data at the
beginning of the period plus flows over the period. The 1986 manual
considered only debt stocks. Government finance statistics are reported in local currency. Many countries report government finance data by fiscal year; see country metadata for information on fiscal year end by country. |
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| Development relevance: | 0 | ||||||||
