Comparison of the level and structure of government revenue
Administration costs are relatively low and coverage is improving
The schedule of personal income tax rates is progressive
Individuals begin paying income tax at a relatively high level of income
Tax thresholds have been raised in real terms
Effective marginal tax rates across savings vehicles
Corporate tax revenues have been volatile but remain relatively high
The statutory corporate income tax rate is relatively high
Tax incentives reduce the marginal effective tax rate on investment
VAT revenues are similar to OECD countries
The VAT performs relatively well
Preferential VAT treatment for goods benefits poor households but also well-off households
Tariff barriers are still relatively high for consumer goods (graph)
Environmentally related taxes have increased but there is scope for further use
Taxes on immovable property
Many municipalities are not well run financially