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)
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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.
💸 LONGER WORKING HOURS IN MALTA
✅ Maltese workers have recorded longer working hours when compared to their counterparts in the EU last year.
→ The National Statistics Office (NSO) found that full-time employees in Malta logged 40.4 hours per week on average in 2023.
→ The... EU average stood at 39.6 hours, yet this trend of working longer hours has been consistent in Malta over recent years.
✅ There is also an evident gender gap in working hours in 2023.
→ Male full-time employees worked 40.7 hours on average per week, with the EU average standing at 40.1.
→ Their female counterparts logged 39.9 hours per week, with the EU average standing at 38.9.
✅ The NSO also reported that Malta has reduced early school leavers but still lags behind the EU average.
→ In 2023, Malta’s early school leaving rate dropped to 10.2%, down from 14.0% in 2018, but it still exceeds the EU average of 9.5%.
→ In Malta, 12.5% of males leave school early, compared to 7.6% of females, highlighting a higher risk among young men.
Read the Article! 👇
https://businessnow.mt/maltese-workers-log-longer-hours-than-eu-counterparts/
The Malta Salary & Tax Calculator 💰
BROADWING Recruitment 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.
💸 MALTA'S EARLY SCHOOL LEAVERS EXCEED EU AVERAGE
✅ Malta's rate of early leavers from education and training (ELET) is consistently higher than the European Union average, according to the National Statistics Office (NSO).
→ Though, improvements were seen through the ...years as the percentage shrunk by almost 4% in 2023.
→ Nevertheless, the latest rating of 10.2%, is still higher than the EU27 average of 9.5%.
→ Still, data highlights the impact of the strides made by Malta to reduce the number of early leavers.
✅ There is a significant gender imbalance in the ELET ratings.
→ Men made up 12.5% of the 2023 ELET rate, while women contributed to 7.6%.
→ This indicates a higher risk for young men of leaving education compared to young women.
Read the Article! 👇
https://newsbook.com.mt/en/maltas-early-school-leavers-rate-still-above-eu-average-despite-improvements/
💸 MALTESE WORKFORCE: 28.1% FOREIGN LABOUR
✅ According to the latest Misco Salaries and Benefits Report of 2024/2025, a large number of foreign workers has joined the Maltese labour market in 2024.
→ A total of 28.1% of the total population of Malta is made of foreign ...workers.
✅ Skilled labour is found missing in several industries across Malta such as construction, hospitality, and healthcare.
→ Expertise is needed across many sectors, as employers currently seek to fill critical roles with non-Maltese workers.
Read the Article! 👇
https://timesofmalta.com/article/28-malta-labour-market-composed-foreign-workers.1100092
💸 ONLY 13% OF MALTESE WORKERS EARN OVER €40.000
✅ A study has revealed that only 13% of the Maltese working population made more than €40.000 in 2020.
→ Finance Minister Clyde Caruana mentioned that 34.519 people registered incomes greater than 40.000 for tax purposes.
...→ This represents a small fraction of the 260.109 people in employment recorded by the NSO.
✅ A total of 4.698 people within this section of the population are self-employed.
→ Correspondingly, the self-employment rate of people who earned €40.000 or more was 13.6% in 2020.
✅ Between 2017 and 2022, the average salary in Malta rose by around €1.800.
→ Though, in April of this year, a Eurostat report discovered that the Maltese working population earns less than most of their European counterparts.
→ Workers in Malta earned an average of €14.20 per hour before tax, which is less than half of the EU average of €31.80.
→ Only three other European countries were seen to earn less.
→ KPMG, a consulting firm, mentioned that wage increases through the years were overshadowed by rapid inflation.
Read the Article! 👇
https://timesofmalta.com/article/13-people-made-40000-2020.1099966
💸 SENIOR EMPLOYMENT TO SAVE THE WORKFORCE
✅ MEA President Joanne Bondin sees an opportunity to embrace the ageing population, as it can lead to a more stable and inclusive labour market.
→ The demographic shift of the workforce is to be addressed by an adaptive approach.
→... Senior employment, or so-called "Silver Jobs", is central to solving skill shortages and promoting sustainability by reducing reliance on foreign labour.
✅ Director General of the MEA, Kevin J. Borg, highlighted the urgency of addressing the ageing population issue, calling for immediate action to develop sustainable solutions.
→ He proposed discouraging early retirement and promoting part-time work options for older employees.
→ He also called for tax incentives and improved workplace ergonomics to support older employees, emphasising the importance of lifelong learning and better workplace conditions.
→ Celia Falzon, CEO of JobsPlus, stressed that the workforce's health should be prioritised from the very start.
→ The discussion also touched on employer responsibilities in supporting older employees and facilitating their transition into retirement.
Read the Article! 👇
https://www.independent.com.mt/articles/2024-10-09/local-news/Promotion-of-silver-jobs-of-paramount-importance-and-may-ease-burden-on-economy-MEA-6736264753
By fostering innovation, investing in skills development, and prioritising competitive and fair compensation, Malta is poised to maintain its status as a vibrant centre of talent and opportunity.
💸 BREAKING RECORDS: RESIDENT PERMITS IN MALTA
✅ Malta has exceeded its record of issuing resident permits to Third Country Nationals in 2023.
→ More than 41.000 new residents received permits, which is at least 4.000 more than last year and more than ten times compared to the ...rest of the EU.
→ The record reached 76 new permits per 1.000 Maltese people.
✅ The largest share of these permits were issued towards new foreign workers.
→ It led to an additional 28.000 foreign workers, predominantly from India, Nepal, and Colombia.
→ This resulted in an increase of 15.3% in Malta's foreign population, while the native population increased by 0.1%.
✅ Since the Labour Party has been back in power, the population has grown by nearly 150.000 people.
→ Now, Prime Minister Robert Abela has introduced restrictions on new TCN work permits.
Read the Article! 👇
https://theshiftnews.com/2024/09/16/malta-set-new-record-for-foreign-worker-permits-in-2023/
💸 WAGE GAP: WOMEN EARN €129 LESS MONTHLY
✅ A new Labour Force Survey highlights the gender pay gap in Malta.
→ Female workers earned on average €129 less than their male counterparts.
→ It is said that this gap exists due to the high number of women who work ...part-time.
→ There are 35.726 part-time workers, of which 23.246 are women.
✅ It was discovered that women earn less monthly compared to men, even if they perform the same jobs.
→ Female managers earn €158 less per month compared to their male coworkers.
→ In professional roles, women earn €146 less than men, while in elementary jobs, they earn €158 less.
→ Furthermore, women earn €239 less than men in the sales and services sector, and €257 less in the financial and insurance sector.
Read the Article! 👇
https://www.maltatoday.com.mt/news/national/131375/male_workers_earn_129_more_on_average_than_female_workers
