Taxes on Income, Profits and Capital Gains (As % of Revenue) rose to 34.7% in Malta in 2016

Taxes on Income, Profits and Capital Gains (As % of Revenue) (%)
Economy | Malta | May 17, 2019
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Taxes on income, profits and capital gains as a share of revenue reached 34.7 % in 2016 in Malta, according to the National Statistical Office. This is 7.32 % more than in the previous year.

Historically, taxes on income, profits and capital gains as a share of revenue in Malta reached an all time high of 34.7 % in 2016 and an all time low of 14.6 % in 1976. When compared to Malta's main peers, taxes on income, profits and capital gains as a share of revenue in Greece amounted to 18.8 %, 31.3 % in Italy and 17.2 % in Turkey in 2016.

Malta has been ranked 21st within the group of 111 countries we follow in terms of taxes on income, profits and capital gains as a share of revenue, 19 places above the position seen 10 years ago.

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 realised or not, on land, securities, and other assets.

Taxes on Income, Profits and Capital Gains (As % of Revenue) Unit 2009 2010 2011 2012 2013 2014 2015 2016 2017
Albania % ... ... 14.7% 14.2% 14.3% 13.8% 14.9%
Algeria % 60.2% ... ... ... ... ... ...
Austria % 26.7% 27.0% 27.4% 27.9% 28.7%
Bulgaria % 15.3% 14.5% 15.0% 15.7% 15.4% ...
France % 24.7% 25.7% 26.2% 25.7% 25.7%
Greece % 16.9% 18.7% 16.3% 18.7% 18.1%
Iran % ... ... ... ... ... ... ... ...
Iraq % ... ... ... ... ... 1.27% 2.37% ...
Italy % 31.5% 32.3% 32.5% 31.8% 31.7%
Libya % ... ... ... ... ... ... ... ... ...
Macedonia % 10.6% 10.7% 11.0% 12.5% 16.2%
Malta % 31.0% 32.4% 33.7% 32.6% 32.3%
Slovenia % 11.0% 9.65% 8.16% 8.99% 9.90%
Switzerland % 21.0% 20.8% 21.3% 20.9% 22.9%
Tunisia % 27.8% 26.7% ... ... ... ... ...
Turkey % 17.7% 17.6% 16.3% 17.4% 16.8%