Paying taxes: Profit tax in Sao Tome and Principe
Sao Tome and Principe: Paying taxes: Profit tax was 19.4% in 2019. ▼ Falling
Paying taxes: Profit tax in Sao Tome and Principe, 2005–2019
Source: World Bank. Measured in % of profits.
Analysis
In 2019, paying taxes: profit tax in Sao Tome and Principe stood at 19.4%. That is the lowest value across all 15 years on record.
Compared with earlier readings it is down 39.6% over ten years.
Over the whole period, paying taxes: profit tax in Sao Tome and Principe peaked at 32.3% in 2005 and was at its lowest, 19.4%, in 2016.
That places Sao Tome and Principe 72nd out of 190 countries with data for 2019, putting it in the middle of the range.
The long-run direction has been consistently falling across the 15 years of available data.
Paying taxes: Profit tax in Sao Tome and Principe, year by year
| Year | % of profits | Change |
|---|---|---|
| 2005 | 32.3% | — |
| 2006 | 32.1% | -0.6% |
| 2007 | 32.1% | +0.0% |
| 2008 | 32.1% | +0.0% |
| 2009 | 32.1% | +0.0% |
| 2010 | 19.5% | -39.3% |
| 2011 | 19.8% | +1.5% |
| 2012 | 19.8% | +0.0% |
| 2013 | 19.8% | +0.0% |
| 2014 | 20.0% | +1.0% |
| 2015 | 20.0% | +0.0% |
| 2016 | 19.4% | -3.0% |
| 2017 | 19.4% | +0.0% |
| 2018 | 19.4% | +0.0% |
| 2019 | 19.4% | +0.0% |
Sao Tome and Principe compared with similar countries
- Sao Tome and Principe's 19.4% is above the median for lower middle income countries, which is 17.3%, 1.1× the median. (47 countries reporting)
- Sao Tome and Principe's 19.4% is above the median for Sub-Saharan Africa, which is 18.8%, 1.0× the median. (47 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 32.1% | 32.1% | 32.3% | 5 |
| 2010s | 19.6% | 19.4% | 20.0% | 10 |
Countries ranked near Sao Tome and Principe
More reference data data for Sao Tome and Principe
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 0.0038 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 0.006 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 0.01 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 0.0003 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 0.01 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 0.0126 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 0.014 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 0.0319 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 0.0601 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 0.0015 (2050)
Frequently asked questions
- What is paying taxes: profit tax in Sao Tome and Principe?
- Paying taxes: profit tax in Sao Tome and Principe was 19.4% in 2019, according to the World Bank.
- What is the highest paying taxes: profit tax recorded in Sao Tome and Principe?
- The highest recorded value was 32.3% in 2005.
- What is the lowest paying taxes: profit tax recorded in Sao Tome and Principe?
- The lowest recorded value was 19.4% in 2016.
- How does Sao Tome and Principe rank for paying taxes: profit tax?
- Sao Tome and Principe ranks 72nd out of 190 countries with data for 2019.
- Is paying taxes: profit tax rising or falling in Sao Tome and Principe?
- Over the last ten years it is down 39.6%. The long-run trend across the full record is falling.
- Where does this Sao Tome and Principe data come from?
- The figures come from the World Bank, published as part of Paying taxes: Profit tax (% of profits). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 15 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
The profit tax measures the amount of income taxes borne by the business in the second year of operation, expressed as a share of commercial pro?t.