IRD Collections

The Department’s revenue collection for 2016-17 was $290.2 billion, a decrease of $1.1 billion or 0.4% as compared with the previous year. Of the total revenue collected, Profits Tax and Stamp Duty together contributed 69.3%. 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 2012-2013($m). The third column is 2011-2012($m). The fourth column is 2010-2011($m).

Type of tax

2014-15
($m)

2015-16
($m)

2016-17
($m)

Profits Tax

Corporations

Unincorporated Businesses

Salaries Tax

Property Tax

Personal Assessment

132,683.8

5,163.1

137,846.9

59,346.8

2,938.6

4,817.2

135,574.0

4,652.6

140,226.6

57,867.8

2,998.0

4,790.0

134,031.3

5,206.8

139,238.1

59,077.5

3,371.7

5,220.0

Total Earnings and Profits Tax

204,949.5

205,882.4

206,907.3

Estate Duty

Stamp Duty

Betting Duty

Business Registration Fees

178.2

74,844.9

19,479.3

2,480.6

30.0

62,680.3

20,127.2

2,607.1

18.8

61,899.0

21,119.0

227.7

96,983.0

85,444.6

83,264.5

Total revenue collected

% change over previous year

301,932.5

+24%

291,327.0

-3.5%

290,171.8

-0.4%