Taxes on income, profits and capital gains in Malta
Malta: Taxes on income, profits and capital gains was 41.7% in 2024. ▲ Rising
Taxes on income, profits and capital gains in Malta, 1972–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of revenue.
Analysis
In 2024, taxes on income, profits and capital gains in Malta stood at 41.7%. That is the highest value across all 52 years on record.
The figure is up 12.9% on the previous year and up 30.1% over ten years.
Over the whole period, taxes on income, profits and capital gains in Malta peaked at 41.7% in 2024 and was at its lowest, 14.6%, in 1976.
That places Malta 10th out of 153 countries with data for 2024, putting it in the top 10%.
The long-run direction has been consistently rising across the 52 years of available data.
Taxes on income, profits and capital gains in Malta, year by year
| Year | % of revenue | Change |
|---|---|---|
| 1972 | 19.0% | — |
| 1973 | 19.2% | +1.0% |
| 1974 | 14.9% | -22.5% |
| 1975 | 14.7% | -1.4% |
| 1976 | 14.6% | -0.5% |
| 1977 | 19.3% | +32.0% |
| 1978 | 21.0% | +8.9% |
| 1980 | 27.0% | +28.7% |
| 1981 | 24.5% | -9.3% |
| 1982 | 24.9% | +1.7% |
| 1983 | 23.9% | -4.1% |
| 1984 | 22.3% | -6.5% |
| 1985 | 22.7% | +1.9% |
| 1986 | 23.2% | +2.0% |
| 1987 | 23.1% | -0.5% |
| 1988 | 20.3% | -12.3% |
| 1989 | 21.7% | +7.4% |
| 1990 | 20.3% | -6.5% |
| 1991 | 19.9% | -2.3% |
| 1992 | 23.7% | +19.3% |
| 1993 | 25.9% | +9.3% |
| 1994 | 25.0% | -3.5% |
| 1995 | 22.1% | -11.6% |
| 1996 | 19.1% | -13.7% |
| 1997 | 22.2% | +16.6% |
| 1998 | 21.7% | -2.2% |
| 1999 | 23.0% | +5.7% |
| 2000 | 24.3% | +5.9% |
| 2001 | 25.5% | +4.9% |
| 2002 | 27.0% | +5.6% |
| 2003 | 28.2% | +4.4% |
| 2004 | 26.2% | -6.9% |
| 2005 | 25.7% | -1.8% |
| 2006 | 27.5% | +6.8% |
| 2007 | 31.0% | +12.6% |
| 2008 | 30.5% | -1.3% |
| 2009 | 32.1% | +5.1% |
| 2010 | 30.0% | -6.4% |
| 2011 | 30.4% | +1.1% |
| 2012 | 31.8% | +4.6% |
| 2013 | 33.1% | +4.2% |
| 2014 | 32.1% | -3.1% |
| 2015 | 31.8% | -0.8% |
| 2016 | 33.9% | +6.6% |
| 2017 | 33.9% | -0.1% |
| 2018 | 33.1% | -2.4% |
| 2019 | 35.1% | +6.1% |
| 2020 | 34.7% | -1.1% |
| 2021 | 37.3% | +7.3% |
| 2022 | 37.6% | +0.7% |
| 2023 | 37.0% | -1.7% |
| 2024 | 41.7% | +12.9% |
Malta compared with similar countries
- Malta's 41.7% is above the median for high income countries, which is 24.5%, 1.7× the median. (55 countries reporting)
- Malta's 41.7% is above the median for Middle East, North Africa, Afghanistan & Pakistan, which is 19.3%, 2.2× the median. (13 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 17.5% | 14.6% | 21.0% | 7 |
| 1980s | 23.4% | 20.3% | 27.0% | 10 |
| 1990s | 22.3% | 19.1% | 25.9% | 10 |
| 2000s | 27.8% | 24.3% | 32.1% | 10 |
| 2010s | 32.5% | 30.0% | 35.1% | 10 |
| 2020s | 37.7% | 34.7% | 41.7% | 5 |
Countries ranked near Malta
More public sector data for Malta
- Arms imports 45.00 million SIPRI trend indicator values (2023)
- Arms imports (SIPRI trend indicator values), per capita 81.41 SIPRI trend indicator values per person (2023)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.002 SIPRI trend indicator values per US$ of GDP (2023)
- Arms imports (SIPRI trend indicator values), annual growth rate 33.33 % change on previous year (2017)
- Arms imports (SIPRI trend indicator values), gaps filled 45.00 million SIPRI trend indicator values (2023)
- Military expenditure (current USD), per capita 192.06 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0044 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate -3 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 109.25 million current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 140,625 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is taxes on income, profits and capital gains in Malta?
- Taxes on income, profits and capital gains in Malta was 41.7% in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest taxes on income, profits and capital gains recorded in Malta?
- The highest recorded value was 41.7% in 2024.
- What is the lowest taxes on income, profits and capital gains recorded in Malta?
- The lowest recorded value was 14.6% in 1976.
- How does Malta rank for taxes on income, profits and capital gains?
- Malta ranks 10th out of 153 countries with data for 2024.
- Is taxes on income, profits and capital gains rising or falling in Malta?
- Over the last ten years it is up 30.1%. The long-run trend across the full record is rising.
- Where does this Malta data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Taxes on income, profits and capital gains (% of revenue). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 52 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Taxes on income, profits, and capital gains are taxes payable on the actual or presumed incomes, profits and capital gains. This indicator is expressed as a percentage of revenue which includes all transactions that add to the amount of economic value of a unit or sector.