As of 2019, taxes and contributions paid by businesses in Comoros corresponded to 219.6 percent of the profit, by far the highest share in Sub-Saharan Africa. In Eritrea, the second country in the ranking, payment of taxes was equivalent to 83.7 percent of profit. The share was at its lowest in Lesotho, at 13.6 percent. According to the source, tax cost for businesses influences investment and growth. Higher taxes lead to companies leaving the formal sector.
Total tax and contribution rate as a share of profit for businesses in Sub-Saharan Africa in 2019, by country
According to the source, "taxes and contributions measured include the profit or corporate income tax, social contributions and labor taxes paid by the employer, property taxes, property transfer taxes, dividend tax, capital gains tax, financial transactions tax, waste collection taxes, vehicle and road taxes, and any other small taxes or fees".
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World Bank. (October 24, 2019). Total tax and contribution rate as a share of profit for businesses in Sub-Saharan Africa in 2019, by country [Graph]. In Statista. Retrieved November 13, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/1236669/total-tax-and-contribution-rate-in-sub-saharan-africa-by-country/
World Bank. "Total tax and contribution rate as a share of profit for businesses in Sub-Saharan Africa in 2019, by country." Chart. October 24, 2019. Statista. Accessed November 13, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1236669/total-tax-and-contribution-rate-in-sub-saharan-africa-by-country/
World Bank. (2019). Total tax and contribution rate as a share of profit for businesses in Sub-Saharan Africa in 2019, by country. Statista. Statista Inc.. Accessed: November 13, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1236669/total-tax-and-contribution-rate-in-sub-saharan-africa-by-country/
World Bank. "Total Tax and Contribution Rate as a Share of Profit for Businesses in Sub-saharan Africa in 2019, by Country." Statista, Statista Inc., 24 Oct 2019, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1236669/total-tax-and-contribution-rate-in-sub-saharan-africa-by-country/
World Bank, Total tax and contribution rate as a share of profit for businesses in Sub-Saharan Africa in 2019, by country Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1236669/total-tax-and-contribution-rate-in-sub-saharan-africa-by-country/ (last visited November 13, 2024)
Total tax and contribution rate as a share of profit for businesses in Sub-Saharan Africa in 2019, by country [Graph], World Bank, October 24, 2019. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/1236669/total-tax-and-contribution-rate-in-sub-saharan-africa-by-country/
