Malta reg­is­ters fourth high­est in­crease in tax­a­tion in EU

The Malta Business Weekly - - NEWS -

Con­tin­ues from page 1

This in­for­ma­tion comes from a pub­li­ca­tion is­sued by

Euro­stat, the sta­tis­ti­cal of­fice of the Euro­pean Union. Tax in­dica-

tors are com­piled in a har­monised frame­work based on the Euro­pean Sys­tem of Ac­counts (ESA 2010), en­abling an ac­cu­rate com­par­i­son of the tax sys­tems and tax poli­cies be­tween EU Mem­ber States.

The tax-to-GDP ra­tio varies sig­nif­i­cantly be­tween Mem­ber States, with the high­est share of taxes and so­cial con­tri­bu­tions in per­cent­age of GDP in 2017 be­ing recorded in France (48.4%), Bel­gium (47.3%) and Den­mark (46.5%), fol­lowed by

(44.9%), Fin­land (43.4%), tria and Italy (both 42.4%) as well as Greece (41.8%).

Malta is at around the 32% mark, be­low the EU and euro area lev­els.

At the op­po­site end of the scale, Ire­land (23.5%) and Ro­ma­nia (25.8%), ahead of Bul­garia (29.5%), Lithua­nia (29.8%) and Latvia (31.4%) reg­is­tered the low­est ra­tios.

Swe­den

Aus-

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