Country Economic Adjustments
Inflation, capital gains tax and GDP growth, broken down to a monthly figure. Updated monthly.
Figures for each of the 7 markets Valyn serves — inflation applied monthly rather than as one annual lump, and the same monthly figure doubling as a price-increase recommendation.
CGT figures are Valyn's own default estimates, not tax advice — every real CGT position depends on personal circumstances. If you change a figure for your own business, we will flag it clearly as your own entered value, not one we can verify.
Inflation is running at 3.7% a year, which works out to 0.303% a month, applied pro-rata rather than as one annual increase. That same monthly figure is Valyn's price-increase recommendation for this month: raise prices by roughly 0.47% to hold your margin against inflation.
Capital gains tax default: 24.5% a year, or 1.843% a month pro-rata over a 20-year holding average. Australian CGT is not a flat rate. It is taxed at your marginal income tax rate, with a 50% discount applied if the asset was held for more than 12 months. Our default estimate is an effective top rate of 24.5%, based on a 50% CGT discount applied against an approximate 49% top marginal rate. This is a working estimate only; a real assessment needs your own marginal rate and holding period.
GDP growth forecast: 2.0% a year (0.165% a month pro-rata) — the benchmark your own business growth is being measured against.
Source: Web search (Trading Economics/IMF), Aug 2026 — rates as at 30 June 2026.
Inflation is running at 2.8% a year, which works out to 0.230% a month, applied pro-rata rather than as one annual increase. That same monthly figure is Valyn's price-increase recommendation for this month: raise prices by roughly 0.35% to hold your margin against inflation.
Capital gains tax default: 27.0% a year, or 2.012% a month pro-rata over a 20-year holding average. Canadian CGT is not a flat rate. Only a portion of the capital gain is included as taxable income, then taxed at your marginal rate. Our default estimate is an effective top rate of 27%, based on a 50% inclusion rate applied against an approximate 54% top marginal rate. This is a working estimate only; a real assessment needs your own marginal rate.
GDP growth forecast: 1.4% a year (0.116% a month pro-rata) — the benchmark your own business growth is being measured against.
Source: Web search (Trading Economics/RSM), Aug 2026 — rates as at 30 June 2026.
Inflation is running at 2.8% a year, which works out to 0.230% a month, applied pro-rata rather than as one annual increase. That same monthly figure is Valyn's price-increase recommendation for this month: raise prices by roughly 0.33% to hold your margin against inflation.
Capital gains tax default: 29.8% a year, or 2.197% a month pro-rata over a 20-year holding average. Capital gains tax is set individually by each EU member state, not at the EU level, so a single EU-wide figure is not really meaningful without picking a specific country. Our default estimate of 29.8% is an illustrative average across France (30%), Germany (26.375%), and Ireland (33%), used only as a spread indicator. Wherever possible, use the actual rate for your specific member state instead.
GDP growth forecast: 1.2% a year (0.099% a month pro-rata) — the benchmark your own business growth is being measured against.
Source: Web search (Eurostat/OECD), Aug 2026 — rates as at 30 June 2026.
Inflation is running at 4.1% a year, which works out to 0.335% a month, applied pro-rata rather than as one annual increase. That same monthly figure is Valyn's price-increase recommendation for this month: raise prices by roughly 0.45% to hold your margin against inflation.
Capital gains tax default: 0.0% a year, or 0.000% a month pro-rata over a 20-year holding average. New Zealand has no general capital gains tax, though gains from a business sale may still be taxable as income depending on the structure and intent behind the sale. Our default of 0% reflects the absence of a general CGT on business asset sales; property-specific rules can differ and need separate research.
GDP growth forecast: 1.4% a year (0.116% a month pro-rata) — the benchmark your own business growth is being measured against.
Source: Web search (Stats NZ/HSBC), Aug 2026 - GDP forecasts vary 1.4-2.5% across sources — rates as at 30 June 2026.
Inflation is running at 5.0% a year, which works out to 0.407% a month, applied pro-rata rather than as one annual increase. That same monthly figure is Valyn's price-increase recommendation for this month: raise prices by roughly 0.51% to hold your margin against inflation.
Capital gains tax default: 18.0% a year, or 1.389% a month pro-rata over a 20-year holding average. South Africa's effective CGT rate depends on the inclusion rate applied against your marginal tax rate, so it is not a flat rate. Our default estimate is an effective top rate of 18%, based on a 40% inclusion rate applied against an approximate 45% top marginal rate. This is a working estimate only; a real assessment needs your own marginal rate.
GDP growth forecast: 1.2% a year (0.099% a month pro-rata) — the benchmark your own business growth is being measured against.
Source: Web search (StatsSA/AfDB), Aug 2026 — rates as at 30 June 2026.
Inflation is running at 2.6% a year, which works out to 0.214% a month, applied pro-rata rather than as one annual increase. That same monthly figure is Valyn's price-increase recommendation for this month: raise prices by roughly 0.29% to hold your margin against inflation.
Capital gains tax default: 20.0% a year, or 1.531% a month pro-rata over a 20-year holding average. UK CGT is not a flat rate. Business Asset Disposal Relief and the standard higher/additional rates apply differently depending on the asset and your circumstances. Our default estimate is 20%, the higher/additional rate on shares and business assets outside BADR; BADR itself gives 18% on the first GBP 1m of lifetime gains.
GDP growth forecast: 0.9% a year (0.075% a month pro-rata) — the benchmark your own business growth is being measured against.
Source: Web search (ONS/OECD/EY), Aug 2026 — rates as at 30 June 2026.
Inflation is running at 3.5% a year, which works out to 0.287% a month, applied pro-rata rather than as one annual increase. That same monthly figure is Valyn's price-increase recommendation for this month: raise prices by roughly 0.47% to hold your margin against inflation.
Capital gains tax default: 23.8% a year, or 1.795% a month pro-rata over a 20-year holding average. US CGT is not a flat rate. Long-term and short-term gains are taxed differently, and state-level tax varies on top of the federal rate. Our default estimate of 23.8% combines the federal top long-term capital gains rate of 20% with the 3.8% Net Investment Income Tax. State tax is not included and should be added separately.
GDP growth forecast: 2.2% a year (0.182% a month pro-rata) — the benchmark your own business growth is being measured against.
Source: Web search (US BLS/Trading Economics), Aug 2026 — rates as at 30 June 2026.