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IRD Collections

The Department’s revenue collection for 2022-23 was $360.2 billion, a decrease of $18.3 billion or 4.8% as compared with the previous year.  Of the total revenue collected, Profits Tax and Stamp Duty together contributed 67.8%.  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 2020-2021($m). The third column is 2021-2022($m). The fourth column is 2022-2023($m).
Type of tax 2020-21
($m)
2021-22
($m)
2022-23
($m)

Profits Tax 

Corporations

Unincorporated Businesses

Salaries Tax

Property Tax

Personal Assessment

 

129,489.7


6,050.0

 

 

 

 

 


135,539.7

75,027.3

3,957.2

6,293.7

 

162,088.1


5,247.5

 

 

 

 

 

 
167,335.6

75,570.2

3,984.5

6,457.3
  

 

167,087.9


 7,124.6


 

 

 

 

 
174,212.5

79,490.4

3,842.2

6,719.8
  

Total Earnings and Profits Tax
220,817.9

253,347.6

 264,264.9

Estate Duty

Stamp Duty

Betting Duty

Business Registration Fees

7.4

89,044.6

20,877.1

73.0
 

1.9

99,677.3

25,432.2

57.3
 

8.8

69,976.5

25,823.9

128.9
 

  110,002.1 125,168.7 95,938.1

Total revenue collected

% change over previous year


  330,820.0

+9.0%
 


378,516.3

+14.4%
 


 360,203.0

-4.8%