According to a report currently being discussed by the Malta Council for Economic and Social Development (MCESD), despite complaints to the contrary by trade unions and employers, the tax burden in Malta is quite low compared to its EU counterparts.
The report, entitled 'The Role of the Government In The Economy' revealed that the jurisdiction ranks 22nd in a tax table of European Union member states, with only Latvia, Lithuania and Ireland below it in terms of overall tax burden.
"However, the marginal tax rate on corporate income is on the high side by European standards," the report observed, continuing:
"Also, personal income tax is very progressive in Malta and the 35% marginal rate is reached at relatively low income levels."
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