Total tax revenue last year amounted to €1,889.2 million, implying a tax burden of 34.9 per cent, up from 33.8 percent in the previous year, NSO figures issued today show.

The NSO said tax revenue during 2007 increased by €169.0 million, or 9.8 per cent over 2006.

Indirect taxes, at €825.4 million, made up 43.7 per cent of total tax revenues. This included VAT, import duties, excise and other specific taxes on services, and on financial and capital transactions. Within this heading VAT was the most important component, followed by taxes on products (including excise duties). Total revenue from VAT amounted to €420.0 million, making up 22.2 per cent of total tax revenue.

Direct taxes such as income tax and wealth plus capital taxes and other current taxes increased by €117.2 million, to €741.6 million, making up 39.3 per cent of total tax revenue. This increase was essentially brought about by an increase of €112.6 million in revenue from corporate tax. Revenue from social contributions increased by €7.2 million, totalling €322.1 million, and making up 17.1 per cent of the total tax revenue.

The tax burden for Malta moved up to 34.9 per cent in 2007, from 33.8 per cent one year earlier.

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