Tax-to-GDP ratios for Asia-Pacific region remains below pandemic-level

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Tax-to-GDP ratios for Asia-Pacific region remains below pandemic-level By TII News Service Jul 28, 2023 , Pairs
TAX-to-GDP ratios remained below pre-pandemic levels in a majority of economies in the Asia-Pacific region in 2021, according to the latest edition of Revenue Statistics in Asia and the Pacific. The report, which presents revenue data from 2021, the second year of the COVID-19 pandemic, shows that tax-to-GDP ratios increased in 19 of the 27 economies in the Asia-Pacific region for which data is available. However, only in 11 of the 27 economies did the tax-to-GDP ratios recover fully to their pre-pandemic levels.

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