Broadwing Employment Agency is offering a free tool to calculate your weekly, monthly, or yearly net salary based on the tax rates in Malta. This simple tool gives a clear breakdown of gross salary and deductions including tax, Social Security contributions (SSC/NI), government bonuses and most importantly the net salary you take home.
Read more about Malta’s 2025 Payroll Adjustments & Employee Benefits
Include Secondary Income (Part Time)
I'm a Student
I'm under 18 years old
I was born before 1962
Calculate SSC at 10% (Only for Category B)
| Period | Weekly | Monthly | Yearly |
|---|---|---|---|
| Gross Salary | |||
| NI ^ | |||
| Tax | |||
| Statutory Bonus# | € 9.86 ** | € 42.71 ** | € 512.52 # |
| NET Salary |
| Period | Weekly | Monthly | Yearly |
|---|---|---|---|
| Gross Salary | |||
| Tax | |||
| NET Salary |
| Period | Weekly | Monthly | Yearly |
|---|---|---|---|
| Gross Salary | |||
| NI ^ | |||
| Tax | |||
| Statutory Bonus# | € 9.86 ** | € 42.71 ** | € 512.52 # |
| NET Salary |
| Employer Payroll Summary (Primary Income) | |||||||
|---|---|---|---|---|---|---|---|
| Employee SSC^ |
Employer SSC^ |
Tax | Maternity^ | Total Due IRD |
Net Salary |
Grand Total |
|
| Yearly | |||||||
| Monthly | |||||||
| Employer Payroll Summary (Primary Income) | |||||||
|---|---|---|---|---|---|---|---|
| Yearly (€) | Monthly (€) | ||||||
| Employee SSC^ | |||||||
| Employer SSC^ | |||||||
| Tax | |||||||
| Maternity^ | |||||||
| Total Due IRD | |||||||
| Net Salary | |||||||
| Grand Total | |||||||
Updated on 05/11/2024
* Monthly average, dependent on month having 4 or 5 weeks
** Not included in net salary calculation for period
^ The yearly NI and maternity fund contributions are calculated using the number of Mondays in the selected year. The weekly and monthly values are purely for informational purposes and are calculated by dividing the yearly NI by 52 weeks and 12 months respectively.
#1 The Statutory Bonus of €135.10 is paid every six months and equates to €0.74 per calendar day including Saturdays and Sundays on a pro-rata basis. Payments are made at the end of June and December and will be included in your payslips.
↻ Includes Tax on Statutory Bonus
#2 The Statutory Weekly Allowance of €121.16 is paid every six months and equates to €4.66 per working week or a proportion thereof. Payments are made at the end of March and September and will be included in your payslips.
Understand how your payroll is set to change in 2024 through updated social security contributions, tax rates, vacation & sick leave, benefits and more.
Check My Salary was developed to calculate the take-home salary (NET salary) of any individual working in Malta and to provide a breakdown of the Tax and National Insurance (SSC).
The calculator can be used by anyone that fits within any category of Class 1 Social security Contributions.
Yes any expected bonuses and allowances are included in an employee’s payslip and are taxable according to the applicable tax rate of the individual.
You can read the Malta Payroll Adjustments & Employee Benefits published by Broadwing Recruitment or check with the Commissioner for Revenue in Malta. Broadwing Employment Agency is also happy to assist you directly or by directing you to relevant contacts who can answer any queries you may have.
If you are working in Malta, you are required to declare all your income, from whatever source and including income of your spouse or dependent children. This must include any income derived from Malta and any other EU and non-EU member states.
A government bonus is a small bonus that is added to your salary by the employer, at a predetermined rate, to help cover the cost of living. It is calculated on a pro rata basis based on the weekly hours worked. This bonus is taxable.
The full statutory bonus is payable every six (6) months.
For more information on Malta’s Government Bonuses click here.
An individual qualifies of the parent tax rate if they have a:
Child up to 18 years of age
or
Child up to 23 years of age who has a combined income of less than €2000/year from stipends and employment.
The tax rate is applied automatically if:
The parents are married
Single Mothers
For a single father to qualify for the Parent Tax Rate, they must request a document from the Courts of Malta and submit a ‘Parent Rate Application Form’ available from the Inland Revenue website.
Malta enables married couples to file a joint tax computation whereby their partners’ incomes are aggregated, and tax on the global income is calculated.
Since the Married Rates use joint computation, we only advise using the married tax rate in the event that one spouse is in employment.
💸 MALTA’S HOUSING VALUES NEARLY TRIPLED IN A DECADE
✅ According to the National Statistics Office (NSO), the value of Malta’s dwellings increased from €30 billion in 2014 to €88 billion last year.
→ The rise is largely driven by land scarcity and speculation.
...✅ Land value growth far outpaced construction costs:
→ Land increased by €49.1 billion (200%) — from €24.6 billion in 2014 to €73.7 billion in 2023.
→ Construction costs grew from €5.6 billion to €14.6 billion (160%) over the same period.
✅ Today, land accounts for about 83% of a dwelling’s total value, compared to less than two-thirds in 1995.
→ Construction costs make up just 17%.
✅ Throughout the years, townhouses have been Malta’s most valuable dwellings, but last year, apartments surpassed them.
→ Apartments are valued at €39.5 billion, while townhouses are €33.2 billion, despite there being nearly three times as many apartments.
✅ The NSO attributes the rising value to factors like increased housing stock, higher labour and material costs, regulatory changes, and more construction activity, especially after 2017.
→ The post-EU accession boom, increased immigration, and short-term rentals also contributed.
Read the Article! 👇
https://timesofmalta.com/article/value-malta-homes-tripled-88b-10-years-nso-says.1115533
Ever wondered what you're entitled to as an 𝐞𝐦𝐩𝐥𝐨𝐲𝐞𝐞 𝐢𝐧 𝐌𝐚𝐥𝐭𝐚 𝐢𝐧 𝟐𝟎𝟐𝟓? 🤔
"As of 1st January 2025, the National Minimum Wage has risen to €221.78 for adults, with lower rates for those under 18."
...Check out more information about 𝐰𝐚𝐠𝐞𝐬, 𝐬𝐚𝐥𝐚𝐫𝐢𝐞𝐬 𝐚𝐧𝐝 𝐭𝐚𝐱𝐞𝐬 through the link below!👇
https://checkmysalary.mt
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How do 𝐘𝐎𝐔 think this should be? 💵
"Work emails should be 𝐛𝐚𝐧𝐧𝐞𝐝 after 6PM."
Do you 𝐚𝐠𝐫𝐞𝐞 or 𝐝𝐢𝐬𝐚𝐠𝐫𝐞𝐞? Tell us what you think in the comments below. ⬇️
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💸 MALTA’S PUBLIC EXPENDITURE GROWTH OVER DOUBLE EU THRESHOLD
✅ Malta’s net expenditure grew by around 14% in 2024, more than twice the EU’s recommended maximum growth rate of 5.9%.
→ Although spending is set to decline slightly in 2025, the total increase over 2024 and ...2025 remains above 14%.
✅ The 5.9% EU benchmark was part of a fiscal plan agreed upon by the European Commission and Malta’s finance ministry for 2025–2028.
✅ Last year’s expenditure rise was partly due to one-off payments related to the Air Malta closure and the creation of KM Malta Airlines.
→ Without these, spending still increased by 10.7%, well above the EU limit.
✅ Despite this, the EU concluded that Malta’s deviation from the growth path is within acceptable thresholds, and no further action is required.
✅ Future projections suggest expenditure growth will stay below EU-recommended levels in 2026 and 2027, with a slight drop in 2025 offset by increased EU-funded spending.
✅ Last year’s income tax cuts are expected to reduce government revenue, impacting future spending capacity.
✅ The Central Bank remains optimistic about Malta’s economy, with GDP growth forecasted above 3% in 2026 and 2027, despite a dip from last year’s 5.9%.
→ Malta’s debt remains healthy at around 49%, well below the 60% EU limit.
→ The budget deficit is projected to fall to 3% next year, meeting EU targets.
Read the Article! 👇
https://timesofmalta.com/article/central-bank-says-public-spending-growth-far-exceeds-eu-benchmark.1114893
💸 FOOD PRICES DRIVE MALTA'S INFLATION UP TO 2.4%
✅ The National Statistics Office reported that inflation remained steady at 2.4% in July.
→ Inflation is over two-thirds higher than July last year, when it was 1.4%.
✅ The highest annual inflation rates were in ...beverages, tobacco, and food, each at 3.8%.
→ Food saw the largest increase, rising by 0.82 percentage points, mainly due to higher takeaway prices.
✅ Transport and communications inflation rose by 0.39 percentage points.
→ This was mainly due to higher air transport costs.
✅ Recreation and culture inflation increased by 0.25 percentage points, driven by rising education expenses.
✅ The lowest inflation was in water, electricity, gas, and fuels, with 0% growth.
→ Furnishings and household equipment saw a slight increase of 0.4%.
✅ No sector experienced a decline in inflation; prices increased across the board, the NSO said.
Read the Article! 👇
https://timesofmalta.com/article/inflation-remains-stable-24-largest-increases-seen-food-prices.1115167
💸 MALTA INFLATION AT 2.5%, OUTPACING EU AND EUROZONE AVERAGES
✅ The National Statistics Office announced that the annual inflation rate stayed at 2.5% in July.
✅ The biggest upward contribution came from the Food and Non-Alcoholic Beverages Index (+0.64 percentage points), ...mainly due to higher meat prices.
✅ The Restaurant and Hotels Index contributed +0.62 percentage points, driven by increased restaurant service costs.
✅ The Transport Index added +0.54 percentage points, mainly due to higher air transport service prices.
✅ Downward contributions were seen in the Communication Index (-0.11 percentage points) and Clothing and Footwear Index (-0.01 percentage points), due to lower mobile phone and footwear prices.
✅ The Nationalist Party criticized Malta’s cost of living, stating that at 2.5%, it is higher than the EU average of 2.4% and the eurozone average of 2.0%.
✅ The PN accused the government of being paralyzed in tackling inflation, with shadow minister Ivan Castillo highlighting the burden on Maltese families and businesses.
✅ The Labour Party responded by claiming the government is protecting families.
→ They highlighted measures like the largest tax cuts in history, pension increases, and higher Children’s Allowance for over 60,000 children.
Read the Article! 👇
https://timesofmalta.com/article/inflation-malta-still-higher-eu-average-pn-says.1114938
Ever wondered what you're entitled to as an 𝐞𝐦𝐩𝐥𝐨𝐲𝐞𝐞 𝐢𝐧 𝐌𝐚𝐥𝐭𝐚 𝐢𝐧 𝟐𝟎𝟐𝟓? 🤔
"Part-time income is taxed at 10% on earnings up to €10,000 per year; any additional income must be declared and taxed at the regular ...rates."
Check out more information about 𝐰𝐚𝐠𝐞𝐬, 𝐬𝐚𝐥𝐚𝐫𝐢𝐞𝐬 𝐚𝐧𝐝 𝐭𝐚𝐱𝐞𝐬 through the link below!👇
https://checkmysalary.mt
#SalarySecrets #Malta #CareerTips #SalaryTips #Taxes #MaltaEmployment #LivingInMalta #WorkInMalta #WorkplaceTips #KnowYourWorth #CheckMySalary
💸 EU DATA: MALTESE AMONG HAPPIEST WITH TAX SYSTEM & PUBLIC SERVICES
✅ Nearly half of Maltese prefer to keep taxes and public spending at current levels, making Malta one of the most supportive of the status quo in the EU.
→ 46% of Maltese favour maintaining existing tax ...rates, well above the EU average of 26%.
→ The figure is close to Luxembourg’s 47%, with Denmark at 43%.
✅ This comes after a recent income tax reduction for middle-income earners, introduced in January.
✅ Only 31% of Maltese think taxes are too high and would prefer cuts, even if it reduces public services—below the EU average of 39%.
→ Just 19% favour higher taxes for better services, compared to 27% EU-wide.
✅ Support for higher taxes is strongest in Sweden and Spain (42%), and Finland (40%).
→ Slovakia is the opposite, with 59% wanting lower taxes despite reduced services.
→ Malta aligns with Luxembourg and Denmark, where most prefer the status quo.
✅ Maltese citizens are relatively confident in their tax knowledge:
→ 15% say “very good,” just behind Greece at 17%.
→ 47% say “good” or “very good,” above the EU average of 35%.
✅ When asked about tax cuts:
→ 56% want income tax reduced (above EU average).
→ 34% support cutting capital gains taxes — the highest in the EU.
✅ If tax increases are necessary:
→ 25% favour higher inheritance taxes (EU average 17%).
→ Support for higher VAT is 18%, and for housing taxes 12%, both below EU averages.
✅ On fairness:
→ 54% believe taxes are proportionate to income “to some extent,” and 31% say “to a large extent.”
→ Only 13% think taxes don’t reflect income, above the EU average of 23%.
✅ Tax compliance:
→ 45% find filing returns easy (below EU average of 49%).
→ 24% don’t need to file at all — one of the highest in Europe.
→ VAT is seen as the hardest tax to handle by 17%, the highest in the EU.
✅ Support for environmental and wealth taxes:
→ 67% support a wealth tax for the richest in Malta — close to EU average.
→ 83% agree multinationals should pay minimum tax in all countries.
→ 71% support taxes on environmentally harmful products; 54% back higher taxes on single-use products.
→ 48% support taxing air travel, lower than most EU countries.
✅ EU-wide tax priorities:
→ 53% of Maltese want to focus on fighting tax avoidance and evasion.
→ 30% support supporting the green economy, the highest in the EU.
Read the Article! 👇
https://www.maltatoday.com.mt/news/national/136480/maltese_among_happiest_in_eu_with_current_taxes
🔍 𝐓𝐡𝐞 𝐟𝐚𝐜𝐭𝐬 𝐛𝐞𝐡𝐢𝐧𝐝 𝐭𝐡𝐞 𝐜𝐥𝐚𝐢𝐦.
❌ 𝐌𝐘𝐓𝐇: "A raise always comes with a promotion."
✅ 𝐅𝐀𝐂𝐓: "Raises can occur without any change in title or duties, often based on ...performance or market factors."
To get clarification about 𝐰𝐚𝐠𝐞𝐬, 𝐬𝐚𝐥𝐚𝐫𝐢𝐞𝐬, and 𝐭𝐚𝐱𝐞𝐬 in Malta, visit our website. 👇
https://checkmysalary.mt
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