Government Finance Statistics Manual 2014

100 Government Finance Statistics Manual 2014

Other taxes on goods and services (1146)

5.82 Other taxes on goods and services (1146)

include taxes on the extraction of minerals, fossil

fuels, and other exhaustible resources from deposits

owned privately or by another government and any

other taxes on goods or services not included in cat-

egories 1141 through 1145. Taxes on the extraction of

exhaustible resources usually are a fi xed amount per

unit of quantity or weight, but can be a percentage of

value. Th e taxes are recorded when the resources are

extracted. Payments for timber felling and the extrac-

tion of exhaustible natural resources from deposits

owned by the government unit receiving the payment

are classifi ed as rent (1415) (see paragraph 5.129).

Taxes on international trade and transactions (115)

5.83 Taxes on international trade and transac-

tions (115) are taxes that become payable when

goods cross the national or customs frontiers of the

economic territory, or when transactions in services

exchange between residents and nonresidents. Th ese

taxes are classifi ed into various subcategories accord-

ing to the nature of the exchange and whether the ex-

change is related to imports or exports (see Table 5.5).

5.84 Customs and other import duties (1151)

cover revenue from all levies and duties payable on

goods of a particular kind because they are entering

the country or services because they are delivered

by nonresidents to residents. Th e levies may be im-

posed with the intention to raise revenue or discour-

age imports in order to protect resident producers of

the same goods or services. Th e duties may be deter-

mined on a specifi c or ad valorem basis, but they must

be restricted by law to imported products. Included

are duties levied under the customs tariff schedule

and its annexes, including surtaxes that are based on

the tariff schedule, consular fees, tonnage charges,

statistical taxes, fi scal duties, and surtaxes not based

on the customs tariff schedule. Th is category covers

taxes that fall on imports only. Imports that fall into

a wider category of goods that are subject to the tax

should be recorded under general taxes on goods and

services (1141) or excises (1142). If excises are levied

on imported goods under the same law to comparable

domestically produced goods, then the revenue from

the tax should be classifi ed as arising from excises

rather than from import duties (see paragraph 5.62).

5.85 Taxes on exports (1152) include all levies that

become payable on goods that are transported out of

the country, or services that are provided to nonresi-

dents by residents. Rebates on exported goods that are

repayments of previously paid general consumption

taxes, excises, or import duties are deducted from the

gross amounts receivable from the respective taxes,

not from amounts receivable in this category.

5.86 Profi ts of export or import monopolies (1153)

include the profi ts from government-established en-

terprises with the domestic monopoly right to export

or import particular goods and/or control services

provided to or received from nonresidents. Th e ex-

ercise of the monopoly powers is an alternative way

of raising revenue through taxes on exports, imports,

or dealings in foreign exchange. When such export

or import monopolies exist, the profi ts remitted to

government by the monopolistic enterprises or mar-

keting boards are considered to be taxes, classifi ed as

profi ts of export or import monopolies (1153). While

in principle only the excess of the monopoly profi ts

over some notional “normal” profi ts should be treated

as taxes, it is diffi cult to estimate this amount, and in

practice the value of the taxes should be taken as equal

to the amount of the profi ts actually payable from the

export or import monopolies to government. Th is

tax is recorded when the payment to the government

takes place rather than when the profi ts were earned

and does not include the retained reserves of the en-

terprises or marketing boards.^25

(^25) If an enterprise of this type generates profi ts from its exports or
imports of products, and a government unit provides a subsidy on
other products, then the taxes and subsidies should be separately
recorded to the extent possible rather than recording only the net
value of taxes minus subsidies.
Table 5.5 Detailed Classifi cation of Taxes on
International Trade and Transactions
(115)
115 Taxes on international trade and transactions^1
1151 Customs and other import duties
1152 Taxes on exports
1153 Profi ts of export or import monopolies
1154 Exchange profi ts
1155 Exchange taxes
1156 Other taxes on international trade and
transactions
(^1) Further breakdown/“of which” lines could allow for the identi-
fi cation of specifi c goods or activities, and how these taxes relate
to specifi c natural resources or environmental taxes.