Relevance
Data
on tax revenues presents detailed information on tax and social contribution
receipts by type of tax or social contribution, and by sub-sector for the
General Government Sector.
Total
tax revenue is made up of taxes received by the Central Government (S1311)
(which consists of Government Ministries and Departments and the Extra
Budgetary Units) and the EU Institutions (S212). The taxes that are reported
represent 'ultimately received' tax revenues including the 'own' taxes paid to the
EU.
The
tax-to-GDP ratio measures the overall tax burden as the total amount of taxes
and compulsory actual social contributions as a percentage of GDP.
Data is
in line with the European System of Accounts (ESA) 2010 methodology.
Methodological
description
Tax
revenues data is extracted from
the reports of the Treasury Department; the Departmental Accounting System
(DAS).
Revenues from VAT, Income Tax and
Social Security Contributions are recorded using the time-adjusted cash method
in accordance with Council Regulation (EC)
No. 2516/2000. Following a study undertaken by NSO in 2008,
Eurostat approved a time adjustment of t+1 for VAT and t+2 for Income Tax and
Social Security Contributions.
Accuracy and reliability of data
All accounts in the corporate chart
of accounts (COA) of DAS are coded in accordance with the requirements of the
ESA 2010 and checks with previous years and with the current economic scenario
are undertaken. This ensures the accuracy
and reliability of the data compiled.
Timeliness
and punctuality of data
In
line with the legal requirements for the transmission of data (ESA
2010 transmission programme), transmission is scheduled at t+9 months
after the end of the reference period.
After
transmission of data to Eurostat, a news release on tax revenues is published annually
as scheduled in the Advance Release Calendar.
Data for a particular reference year t is published in year t+1. The
national tax list (NTL) is published in the excel version of the release.
Accessibility
and clarity of data
‘Tax
Revenues’ news releases are published on the NSO’s website.
Data
on tax revenues is available also on the NSO’s statistical database (StatDB).
Coherence
and comparability/consistency of data
Data
are comparable across all European Union member states as harmonised European
rules (ESA 2010) are adopted for compiling the data.
Consistency is
ensured with other data submitted in tables of the ESA 2010 transmission
programme.
Malta's General
Government data is comparable as from year 1995. However D.2122 (Taxes on
imports excluding VAT and duties) does not include levies on imported
agricultural products for the years before 2005. Prior to year 2008 the unit of measure was
the Maltese Lira (Lm)
and the conversion rate to euro used was the fixed rate of 0.4293.