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

Taxes on income, profits and capital gains (% of total taxes) in Malta was 50.89 as of 2019. Its highest value over the past 47 years was 52.36 in 1983, while its lowest value was 32.55 in 1972.

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 32.55
1973 39.42
1974 34.48
1975 38.85
1976 37.61
1977 41.68
1978 44.91
1980 45.16
1981 47.42
1982 50.92
1983 52.36
1984 50.57
1985 48.33
1986 45.43
1987 43.50
1988 40.30
1989 39.30
1990 39.66
1991 38.41
1992 39.93
1993 43.06
1994 43.38
1995 38.11
1996 34.88
1997 37.75
1998 37.35
1999 38.61
2000 39.68
2001 40.28
2002 41.55
2003 43.23
2004 41.20
2005 39.90
2006 41.94
2007 44.52
2008 44.79
2009 46.63
2010 44.65
2011 45.36
2012 47.34
2013 49.07
2014 47.36
2015 48.77
2016 50.06
2017 50.67
2018 49.11
2019 50.89

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.

Periodicity: Annual

Classification

Topic: Public Sector Indicators

Sub-Topic: Government finance