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

In 2023, Egypt led African countries, generating the highest revenue from corporate income, profits, and capital gains taxes. It showed a strong growth rate of 11.42%. In contrast, South Africa and Nigeria experienced declines with -3.1% and -10.8% respectively. Kenya and Tunisia maintained positive trends with increases of 5.35% and 7.08%. Equatorial Guinea had a notable rise at 9.68%, and Uganda saw an 11% increase. Meanwhile, countries like Malawi slightly decreased by -0.0025%. The Republic of the Congo recorded the highest growth rate at 24.63%, suggesting substantial improvements in its tax revenue collection.

Future trends indicate potential growth in tax revenues across Africa, largely driven by improved economic policies and digitalization of tax systems. Watch for significant developments in digital tax reforms and multinational cooperation agreements to further boost tax collection across the continent.