The difference in actual and potential VAT revenues is due to 1) policy choices to exempt certain goods and services from VAT or tax them at a reduced rate, and 2) lacking VAT compliance. We do this by supporting the production of knowledge and data by our partners on the continent, facilitating an international exchange of experiences and views, and inviting the active participation of African policy makers in the setting of global standards. Targeted statutory corporate income tax rate, Table II.3. Taxes on goods and services were on average the greatest source of tax revenue for African countries, at 53.7 percent of total tax revenues in 2017. On 14 December 1960, 20 countries originally signed the Convention on the Organisation for Economic Co-operation and Development. Organisation for Economic Co-operation and Development (OECD), © How can partners work with them more efficiently? With Africa’s population set to double by 2050, modernising local economies will be vital to make the continent more competitive and to increase people’s living standards, according to the African Economic Outlook 2015, released at the African Development Bank Group’s 50th Annual Meetings. 4-page policy note detailing the key results and recommendations from OECD Trade Policy Paper 179 on the Participation of Developing Countries in Global Value Chains. The Organisation for Co-operation and Economic Development (OECD) has compiled tax revenue data for countries around the world—including 26 African countries, where tax revenue as a percent of GDP is on average lower than in other regions. In the longer run, however, this decrease is expected to be offset by additional tax revenues resulting from economic growth generated by closer integration. Comparative tables - OECD countries. The OECD works closely with African governments, regional organisations and private actors to help them design and implement innovative policies adapted to each context, and improve the economic and social well-being of African people. Search is too long (150 characters maximum), Public Sector, Taxation and Market Regulation, Revenue Statistics - OECD Member Countries, Revenue Statistics - OECD countries: Comparative tables, Social security contributions and payroll taxes paid by government, Revenue Statistics - Latin American Countries, Revenue Statistics - Asian and Pacific economies, Revenue Statistics - African Countries : Comparative tables, Regulation in Network and Service Sectors 2018, Employment in general government and public corporations, Compensation in selected public sector occupations copy, Global Revenue Statistics - Reference Series, Details of Public Revenue - Liechtenstein, Chapter 4 - Countries - Tax revenue and % of GDP by level of government and main taxes, Chapter 3 - Table 3.15 - Tax revenues of subsectors of general government as % of total tax revenue, Chapter 3 - Table 3.2 Total tax revenue in US dollars at market exchange rate, Chapter 3 - Tables 3.7 to 3.14 - Taxes as % of GDP and as % of Total tax revenue, Chapter 4 - Countries - Tax revenue and % of GDP by selected taxes, Chapter 4- Table 4.72 Social security contributions and payroll taxes paid by government, Chapter 4 - Table 4.71 - Financing of social security benefits, Details of Public Revenues - Burkina Faso, Details of Public Revenue - Republic of the Congo, Details of Public Revenues - Côte d’Ivoire, Details of Public Revenues - Congo, Dem. - The Case of Uganda, Summary Report from the First Advisory Board Meeting of the OECD-Africa Investment Initiative, Making Africa Competitive for Foreign Investors, Strengthening Private Sector Representation in Africa, African Economic Outlook - An OECD Perspective, A ten-year strategy for increasing capital flows to Africa, Inaugural meeting of the OECD-Africa Investment Initiative for Growth and Development, Politique de protection des données et de la vie privée. Tertiary education is the educational level following the completion of a school providing a secondary education. Click here for instructions on how to enable JavaScript in your browser. The 55 member states are grouped into five regions. Drawing on the expertise of both the African Development Bank and the OECD, it opens with an overview that examines the international environment, macroeconomic performance, progress towards attaining the Millennium Development Goals, and governance and political issues. This ratio looks at the difference between the VAT revenue actually collected and collectable VAT revenue under a theoretical VAT applied at the standard rate on all final consumption. [1], This list includes non-OECD member countries: Brazil, China, Costa Rica, Indonesia, Russia, Saudi Arabia, and South Africa.