Taxes on income, profits and capital gains in Malta
Malta: Taxes on income, profits and capital gains was 57.6% 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 total taxes.
Analysis
Malta recorded 57.6% for taxes on income, profits and capital gains in 2024. That is the highest value across all 52 years on record.
That represents a change of up 8.7% on the previous year and up 22.3% over ten years.
Over the whole period, taxes on income, profits and capital gains in Malta peaked at 57.6% in 2024 and was at its lowest, 32.6%, in 1972.
Malta ranks 18th of 153 countries on this measure, in the top quarter.
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 total taxes | Change |
|---|---|---|
| 1972 | 32.6% | — |
| 1973 | 39.4% | +21.1% |
| 1974 | 34.5% | -12.5% |
| 1975 | 38.8% | +12.7% |
| 1976 | 37.6% | -3.2% |
| 1977 | 41.7% | +10.8% |
| 1978 | 44.9% | +7.8% |
| 1980 | 45.2% | +0.5% |
| 1981 | 47.4% | +5.0% |
| 1982 | 50.9% | +7.4% |
| 1983 | 52.4% | +2.8% |
| 1984 | 50.6% | -3.4% |
| 1985 | 48.3% | -4.4% |
| 1986 | 45.4% | -6.0% |
| 1987 | 43.5% | -4.2% |
| 1988 | 40.3% | -7.4% |
| 1989 | 39.3% | -2.5% |
| 1990 | 39.7% | +0.9% |
| 1991 | 38.4% | -3.2% |
| 1992 | 39.9% | +3.9% |
| 1993 | 43.1% | +7.8% |
| 1994 | 43.4% | +0.7% |
| 1995 | 38.1% | -12.1% |
| 1996 | 34.9% | -8.5% |
| 1997 | 37.7% | +8.2% |
| 1998 | 37.4% | -1.0% |
| 1999 | 38.6% | +3.4% |
| 2000 | 39.7% | +2.8% |
| 2001 | 40.3% | +1.5% |
| 2002 | 41.6% | +3.2% |
| 2003 | 43.2% | +4.0% |
| 2004 | 41.3% | -4.5% |
| 2005 | 39.9% | -3.4% |
| 2006 | 42.0% | +5.3% |
| 2007 | 44.5% | +6.0% |
| 2008 | 44.8% | +0.7% |
| 2009 | 46.6% | +4.1% |
| 2010 | 44.6% | -4.3% |
| 2011 | 45.4% | +1.6% |
| 2012 | 47.3% | +4.4% |
| 2013 | 49.1% | +3.7% |
| 2014 | 47.1% | -4.1% |
| 2015 | 47.7% | +1.4% |
| 2016 | 46.7% | -2.2% |
| 2017 | 46.5% | -0.4% |
| 2018 | 46.6% | +0.2% |
| 2019 | 48.9% | +5.1% |
| 2020 | 50.7% | +3.7% |
| 2021 | 53.3% | +5.0% |
| 2022 | 53.2% | -0.2% |
| 2023 | 53.0% | -0.3% |
| 2024 | 57.6% | +8.7% |
Malta compared with similar countries
- Malta's 57.6% is above the median for high income countries, which is 43.9%, 1.3× the median. (55 countries reporting)
- Malta's 57.6% is above the median for Middle East, North Africa, Afghanistan & Pakistan, which is 38.8%, 1.5× the median. (13 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 38.5% | 32.6% | 44.9% | 7 |
| 1980s | 46.3% | 39.3% | 52.4% | 10 |
| 1990s | 39.1% | 34.9% | 43.4% | 10 |
| 2000s | 42.4% | 39.7% | 46.6% | 10 |
| 2010s | 47.0% | 44.6% | 49.1% | 10 |
| 2020s | 53.5% | 50.7% | 57.6% | 5 |
Countries ranked near Malta
- 15 Denmark 59.0% compare
- 16 Brazil 58.7% compare
- 17 South Africa 57.8% compare
- 19 Micronesia (country) 57.5% compare
- 20 Iraq 57.2% compare
- 21 Netherlands 55.8% compare
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 57.6% 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 57.6% in 2024.
- What is the lowest taxes on income, profits and capital gains recorded in Malta?
- The lowest recorded value was 32.6% in 1972.
- How does Malta rank for taxes on income, profits and capital gains?
- Malta ranks 18th 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 22.3%. 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 total taxes). Statizoid updates them automatically from the source API.
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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 total taxes which includes all compulsory, unrequited payments, in cash or in kind, made by institutional units to government units.