Corporate Income, Profits and Capital Gains Tax Revenue Perceived by Any Government Level in Africa by Country

The current state of corporate tax revenue as a percentage of GDP in 2024 reveals Chad leading at 6.84%, followed by Seychelles at 5.67%, and Egypt at 4.08%. Significant year-on-year fluctuations are observed, with Chad experiencing a notable increase of 20.51% in 2023. In contrast, Seychelles and Kenya saw declines of -1.09% and -4.71%, respectively. Over the past two years, Uganda and Burkina Faso showed healthy growth in tax revenue from GDP, whereas Kenya struggled with a downturn. The five-year CAGR analysis indicates moderate growth trends across most countries.

Future trends to consider include the impact of international tax reforms and increased digitalization of African economies. Anticipate shifts in tax strategies to bolster revenue amid these changes, driven by economic policies and enhanced tax enforcement mechanisms. Monitoring fiscal responses to regional economic challenges will provide insights into potential growth or decline in tax revenue contributions by country.