Malta - Taxes on income, profits and capital gains (% of revenue)

Taxes on income, profits and capital gains (% of revenue) in Malta was 35.46 as of 2019. Its highest value over the past 47 years was 35.46 in 2019, while its lowest value was 14.60 in 1976.

Definition: Taxes on income, profits, and capital gains are levied on the actual or presumptive net income of individuals, on the profits of corporations and enterprises, and on capital gains, whether realized or not, on land, securities, and other assets. Intragovernmental payments are eliminated in consolidation.

Source: International Monetary Fund, Government Finance Statistics Yearbook and data files.

See also:

Year Value
1972 19.02
1973 19.20
1974 14.88
1975 14.67
1976 14.60
1977 19.27
1978 20.98
1980 27.01
1981 24.49
1982 24.91
1983 23.88
1984 22.33
1985 22.75
1986 23.19
1987 23.08
1988 20.25
1989 21.74
1990 20.32
1991 19.86
1992 23.70
1993 25.90
1994 24.99
1995 22.10
1996 19.07
1997 22.24
1998 21.75
1999 22.99
2000 24.36
2001 25.55
2002 27.00
2003 28.25
2004 26.24
2005 25.79
2006 27.61
2007 31.15
2008 30.75
2009 32.32
2010 30.56
2011 30.93
2012 32.36
2013 33.67
2014 32.60
2015 32.28
2016 34.57
2017 34.53
2018 33.54
2019 35.46

Limitations and Exceptions: For most countries central government finance data have been consolidated into one account, but for others only budgetary central government accounts are available. Countries reporting budgetary data are noted in the country metadata. Because budgetary accounts may not include all central government units (such as social security funds), they usually provide an incomplete picture. In federal states the central government accounts provide an incomplete view of total public finance. Data on government revenue and expense are collected by the IMF through questionnaires to member countries and by the Organisation for Economic Co-operation and Development (OECD). Despite IMF efforts to standardize data collection, statistics are often incomplete, untimely, and not comparable across countries.

Statistical Concept and Methodology: The IMF's Government Finance Statistics Manual 2014, harmonized with the 2008 SNA, recommends an accrual accounting method, focusing on all economic events affecting assets, liabilities, revenues, and expenses, not just those represented by cash transactions. It accounts for all changes in stocks, so stock data at the end of an accounting period equal stock data at the beginning of the period plus flows over the period. The 1986 manual considered only debt stocks. Government finance statistics are reported in local currency. Many countries report government finance data by fiscal year; see country metadata for information on fiscal year end by country.

Aggregation method: Median

Periodicity: Annual

Classification

Topic: Public Sector Indicators

Sub-Topic: Government finance