Tax revenue is the income that the government of a country gains through taxation. Taxes are collected in various forms; sometimes as part of excise duty, custom tax, sales tax, and income tax. The revenue generated by the overall collection of taxes makes the tax revenue of a country. The present world map shows the location of top ten countries by highest tax revenue of GDP across the world. As shown in the map, Denmark is the country that collects the high tax revenue of 34.56% followed by Algeria and Malta.
Top Ten Countries by Highest Tax Revenue, 2015 |
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| Rank | Country | Tax revenue (% of GDP) |
|---|---|---|
| 1 | Timor-Leste | 39.9 |
| 2 | Denmark | 34.1 |
| 3 | Namibia | 33.4 |
| 4 | Solomon Islands | 29.8 |
| 5 | Macao SAR, China | 28.4 |
| 6 | Seychelles | 28.3 |
| 7 | New Zealand | 27.8 |
| 8 | Malta | 27.8 |
| 9 | South Africa | 27.5 |
| 10 | Austria | 27.1 |