Malta | Taxes on goods and services (% value added of industry and services)
Taxes on goods and services include general sales and turnover or value added taxes, selective excises on goods, selective taxes on services, taxes on the use of goods or property, taxes on extraction and production of minerals, and profits of fiscal monopolies. 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.
Publisher
The World Bank
Origin
Republic of Malta
Records
63
Source
Malta | Taxes on goods and services (% value added of industry and services)
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970
1971
5.32193677 1972
4.79857235 1973
4.53993284 1974
3.72224286 1975
3.33376077 1976
2.85733119 1977
2.24664733 1978
1979
2.13102081 1980
2.47632133 1981
2.27163498 1982
2.48364062 1983
2.46051884 1984
2.40600036 1985
2.55075599 1986
2.39246596 1987
2.57686297 1988
2.64133375 1989
6.57063407 1990
7.57021238 1991
7.53521123 1992
7.2273715 1993
10.72683725 1994
32.11375284 1995
29.64907648 1996
30.06223255 1997
27.16597445 1998
29.50912902 1999
30.15853356 2000
31.99749366 2001
31.81869156 2002
31.69645996 2003
36.42757511 2004
39.79393945 2005
40.00470559 2006
39.36859654 2007
16.05197594 2008
15.82880548 2009
15.8754198 2010
16.09624819 2011
15.3170136 2012
14.83453656 2013
15.12478973 2014
13.99874129 2015
14.17217264 2016
13.79978494 2017
14.18671863 2018
13.17224433 2019
12.09954017 2020
11.85835083 2021
2022
Malta | Taxes on goods and services (% value added of industry and services)
Taxes on goods and services include general sales and turnover or value added taxes, selective excises on goods, selective taxes on services, taxes on the use of goods or property, taxes on extraction and production of minerals, and profits of fiscal monopolies. 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.
Publisher
The World Bank
Origin
Republic of Malta
Records
63
Source