IRD Collections

The Department’s revenue collection for 2018-19 was $341.4 billion, an increase of $12.8 billion or 3.9% as compared with the previous year. Of the total revenue collected, Profits Tax and Stamp Duty together contributed 72.2%. The revenue collected by tax type for the latest three years is shown below:

This table basically consists of 4 columns. The first column is Type of tax. The second column is 2016-2017($m). The third column is 2017-2018($m). The fourth column is 2018-2019($m).

Type of tax

2016-17
($m)

2017-18
($m)

2018-19
($m)

Profits Tax

Corporations

Unincorporated Businesses

Salaries Tax

Property Tax

Personal Assessment

134,031.3

5,206.8

139,238.1

59,077.5

3,371.7

5,220.0

133,459.3

5,640.9

139,100.2

60,838.8

3,447.8

5,342.5

160,833.2

5,786.5

166,619.7

60,145.9

3,624.4

5,963.1

Total Earnings and Profits Tax

206,907.3

208,729.3

236,353.1

Estate Duty

Stamp Duty

Betting Duty

Business Registration Fees

18.8

61,899.0

21,119.0

227.7

31.3

95,172.8

21,959.1

2,726.7

88.7

79,978.7

22,194.4

2,826.7

83,264.5

119,889.9

105,088.5

Total revenue collected

% change over previous year

290,171.8

-0.4%

328,619.2

+13.2%

341,441.6

+3.9%