Malta's corporate tax rates highest in the EU

Eurostat’s news release on taxation trends shows a ‘steady decline in top corporate income tax rates since 2000’, except for Malta.

28 June 2010, 12:00am
by Martina Said

1 min read

Malta has the highest rates of corporate tax in the EU at 35%. The corporate tax rates of all other EU member states since 2000 have been in decline.

The publication by Eurostat, titled Taxation trends in the European Union, also shows how Malta registers among the highest increases in tax-to-GDP ratios, from 28.2% in 2000 to 34.5% in 2008, preceded by an even higher percentage increase in Cyprus.

The highest implicit tax rate on labour in 2008 was registered in Italy at 42.8%, while Malta had the lowest percentage at 20.2%.

The average tax rate on consumption was highest in Denmark in 2008, at 32.4%, followed by Sweden and Luxembourg.

Among the EU27, the highest average tax rates on capital were registered in the United Kingdom (45.9%), and lowest in Estonia (10.7%).