Malta | Taxes on income, profits and capital gains (current LCU)

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. 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 income, profits and capital gains (current LCU)
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970
1971
1972 18075937.572793
1973 25762869.788027
1974 24062427.207081
1975 31190309.806662
1976 34870719.77638
1977 47076636.384812
1978 61309107.849988
1979
1980 89471232.238528
1981 102166317.26066
1982 111716748.19474
1983 109829955.74191
1984 100768693.22152
1985 104355928.2553
1986 102539017.00443
1987 101490798.97508
1988 110389005.35756
1989 120964360.587
1990 317365595.34481
1991 342433624.93095
1992 395933791.96975
1993 470215464.05508
1994 484485792.58571
1995 550989983.69439
1996 474912648.49755
1997 600265548.56744
1998 578923829.48987
1999 704817144.18821
2000 800614954.57722
2001 887833682.73934
2002 1008138830.6545
2003 1118930817.6101
2004 1109883531.3301
2005 1210812951.3161
2006 1360211972.9793
2007 1611108781.7377
2008 717254000
2009 759277000
2010 770180000
2011 810657000
2012 895652000
2013 1003261000
2014 1077260000
2015 1186587000
2016 1331354000
2017 1515337000
2018 1592899000
2019 1763893000
2020 1623237000
2021 1966731000
2022

Malta | Taxes on income, profits and capital gains (current LCU)

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. 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