Malta Jobs

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How Much Tax Is Deducted From Salary In Malta?

Posted by | November 11, 2022 | Job Tips and Suggestions, Malta Jobs

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Tax Deduction From Your Salary in Malta

If you’re interested in living and working in Malta, it’s important to know how much tax will be deducted from your salary. At Malta Jobs, we can match you with great jobs on an island location that’s bright and sunny all year round.

Fortunately, Malta has one of the lowest costs of living in the European Union, making it relatively easy to get by as long as you can pay your rent. Transportation costs, as well as utilities and groceries, can be purchased for fairly cheap (especially if you opt for local products instead of imported name brands). Rent can be a little on the expensive side due to the stunning views of the Mediterranean Sea, but costs decrease the farther inland you look for a home. Renting an inland apartment may cost as low as 550 euros per month, as opposed to the 1000 or more euros you might spend for a seaside view.

Regardless of whether you live inland or along the coast, Malta is a beautiful place all throughout the year, and because it’s a small island (only 122 square miles), almost everywhere you will need to visit is within walking distance or is a short drive away. If you love island living and the culture and architecture of Europe, you’re sure to love living in Malta (and benefiting from its available tax deductions) too.

Tax Rates

The short answer to the question of how much tax is deducted from your salary in Malta is that income tax ranges between 0% and 35%. Non-residents pay considerably less income tax than residents do.

It’s also worth noting that residents of Malta are protected by a double tax treaty, which prevents a resident’s income from being taxed more than once in two different countries.

Residency

The main factor that determines how your income will be taxed is your residency status in Malta. You must spend at least 183 days per year in Malta to be considered a resident. If you are not a resident and are also not domiciled in Malta, then you will only be taxed on income and capital gains that you receive while in Malta. Foreign capital gains are not subject to income tax even if they are received while you are in Malta.

The tax rates on personal income will be 15% for up to 5 million euros per year. If you make more than 85,000 euros per year, the additional income is tax-free. In order to qualify for this tax incentive, the income must have been earned by business that happened in Malta, or from time that was spent away from Malta but was connected with a business that is located in Malta. Additionally, an employee must:

  • Earn the minimum yearly salary in Malta, which is 75,000 euros.
  • Have at least five years’ of professional experience
  • Disclose all taxable income
  • Not benefit from conflicting tax incentives that are applicable
  • Possess a valid travel document
  • Have a valid health insurance policy
  • Not be domiciled in Malta

Taxes For European Union Nationals In Malta

EU nationals will pay reduced taxes while in Malta. EEA and Swiss nationals may benefit from reduced taxes for ten years, and any third-country national will be able to pay reduced taxes for four years.

Taxes For Non-Residents In Malta

Malta is a beautiful island that thrives on tourism, but tourism alone isn’t enough to sustain it. This means that in recent years (and for the projected future), growth in the business sector has been booming. Unfortunately, a lack of skilled workers in Malta has stunted that growth.

For about a decade, Malta has actively been seeking qualified foreigners to work in skilled jobs in Malta, so the country has designed tax incentives to encourage non-residents to settle on the island. Non-residents will have 0% taxes deducted at the source of their income when it involves dividends, royalties, and interests.

Other Great Reasons To Consider Living And Working In Malta

  • Malta has a rich cultural history. It hosts some of the oldest surviving buildings in the world (the Megalithic Temples) and was once used as an important naval base for the British navy.
  • The hospitality and tourism industry is exploding. Many stunning sights around the island are well cared for and open to the public, and roads have been greatly improved in the last few years to improve internal public transportation.
  • Malta is rapidly growing into a grand technology hub and a home for many young start-up companies.
  • In Malta, you are entitled to public holidays and 24 days off each year, not including two weeks of sick leave per year.
  • As a country, Malta is greatly interested in skilled professionals, especially entry-level employees. Even if you have limited job experience, it’s easy to get started in Malta.
  • There are many expats in Malta, leading to an active and friendly community of expats from all around the world. If you’re an expat, you are sure to meet many new friends both from your home country and from foreign countries too.
  • Malta hosts several international schools where classes are taught in English, so if you are an English-speaking expat, you can enjoy the experience of living in a foreign country and still ensure your children have access to English-speaking classes.
  • All Maltese residents over 18 years of age are entitled to benefits from the social security act, as long as the resident is employed and pays at least 10% of their salary towards social security.

If you’re considering a job in Malta, you can try Malta Jobs’ salary calculator to help you determine how much you will likely make and therefore how much you will likely be paying in taxes.

 

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How to negotiate your salary while employed

Posted by | April 24, 2017 | Job Tips and Suggestions, Malta Jobs

Tips For Salary Negotiation While Employed

Prepare your arguments well in advance

If you’re well into your nth year working for the same company and believe you deserve some form of recognition which goes beyond the usual “Good job, Bob,” then it’s time to start planning a meeting with your boss. Even if your manager happens to be your mentor (and perhaps close friend) it is very important to show that you have given this some thought. Why are you asking for a raise? What new roles have you been tasked with since starting out? How has the company benefitted from your work? In a nutshell: show them just how good you are at what you do and how you believe this should be appropriately reflected in your pay check.

Be realistic

Asking for a 30% increase in pay, when the usual increase in salary for job promotions in Malta get a 7% – 10% increase, would be overshooting and missing the point completely. Remember, you’re here to negotiate, not to bulldoze over everything and everyone with your salary expectations.

Show confidence

At the end of the day, you could have all the research, charts and graphs in the world: if you show them you doubt even yourself, then the case is all but closed. Talk clearly and project your voice well. Be frank with your (realistic) requests and honest in your presentation. Confidence is key to success, ladies and gents. Even when it comes to salary negotiations.

Whether you are negotiating you salary at an interview stage or while you are employed you should take note of some valuable points in mind:

If their salary offer disappoints you…

Very often, your employers or prospective employers will give you a figure which does not add up to what you had in mind. If you’ve made your research on average salaries in Malta carefully and strongly believe you have a case, counteract with another offer. They might need time to consider your proposition but if you believe you’re being fair and if you’re justifying your offer, then let it run its course.

If you show the right enthusiasm…

A positive person is usually a successful one. Let them see you are not there just for the money, that this design job excites you and that you look forward to getting started on it. It will probably be this aspect which tips the scale in your favour and lands you the job of your dreams – with the salary to match it. Or, if you’re already employed, that satisfying feeling you were not quite getting after the hundredth “Well done Bob.”

From all of us at Maltajobs.com.mt, we wish you the best of luck!

Browse jobs by salary brackets in Malta here:

Comments Off on How to negotiate your salary during a job interview

How to negotiate your salary during a job interview

Posted by | April 15, 2017 | Job Tips and Suggestions, Malta Jobs

negotiate-your-salary

For many of us, whether still setting out on our career path or with years of work experience behind us, negotiating or even speaking about our salaries is almost considered taboo. Will they think I’m presumptuous? Should I even mention this now? Is it a good time? Will it ever be a good time? What IS a good time to talk about salaries? These questions are only a fragment of the thoughts running through our mind as we chew on this very important, yet so hard to put in words, topic.

While securing jobs in Malta has become as easy as making a few clicks through maltajobs.com.mt, many people – both at job interview stage and afterwards – still find broaching the subject of salaries like threading on very thin ice. One wrong move and the ground breaks beneath your feet. Here at Maltajobs.com.mt we want to show you how, with a bit of insight and preparation on your part, negotiating salaries is not as treacherous as you might believe.

Check out our Tips For Salary Negotiation At Job Interview Stage

Do not broach the subject too quickly

Job interviews in Malta are typically held over a number of sessions. This allows your prospective employer to get to know you and to be given the chance to assess your qualities better. Broaching the subject after your introduction during your first ever meeting will only give your interviewer the impression you’re there for the money – which does not help your prospects. Ideally, you let them mention the subject first but if they don’t and they allow room for questions later on, you can include a polite question about the expected remuneration for this role.

But what if they ask me what salary I expect?

Before you attend any interview, it is CRUCIAL that you do your homework. Apart from the usual research about the company, check out what the average salaries in Malta for someone with similar responsibilities and experience are. Say you’ve just graduated in commerce and seek a job in Accountancy, check with family or friends what the yearly average gross salary for a fresh-out-of-uni accountant is. It is useless firing sums at random. If this is your first job, you’ll probably be undervaluing yourself while if you’re just changing jobs, be aware that jobs in Malta belonging to different industries might also have different remunerations.

See the whole picture

It is often discouraged to compare one salary in Malta to another, simply because the job in question very often presents a whole package which could include a number of other perks: health insurance, bonuses, paid travels, etc. This particular Marketing agency you could work with might just be able to offer you training in your field, all expenses paid. Or perhaps that architectural firm often brings over renowned experts in the field to give talks. Therefore, before you come to any conclusion, make sure you’re taking everything into account.

Browse jobs by salary brackets in Malta here:

 

Have a look at our other tips talking about negotiating your salary while already employed.

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10 simple ways to make your work colleagues like you

Posted by | April 3, 2017 | Job Tips and Suggestions, Malta Jobs

Work: it stimulates the body and mind, gives meaning and purpose to life for many of us and occupies more than half of our time on this planet we call home. A broad definition, but definitely one that many of us can relate to (whether we actually agree with it or not is a totally different thing). Because of the length of time spent within the office walls, colleagues have a tendency to grow on us. Some of the strongest friendships were formed between managing projects or brainstorming creative marketing campaigns. These relationships should not be dismissed.

Working in Malta is very much the same, with a few extras. Given the size of the islands, the chances of bumping into colleagues outside work at an alarmingly frequent rate, are extremely high. Getting on well with our workmates is therefore essential for many of us.

Here at maltajobs.com.mt, we’ve drawn up a list of 10 tips which should help you out on exactly this front: building solid relationships with your work mates.

  1. Be punctual

You’d be surprised by how much people can tell about you by simply noticing the constant lateness of your arrival at work. Never more so than if you leave an early meeting hanging because “traffic was a nightmare”. If it was a nightmare for you, it was a nightmare for everyone. To be punctual is to be respectful.

  1. Make your co-workers feel important

Making your co-workers feel important goes beyond praising them for a job well done. Most of the time, it’s a simple matter of sticking to promises and deadlines made to them. If you really can’t be timely with your work, make sure you own up to your shortcomings. Honesty will always be the best policy and your colleagues will definitely appreciate it more than a half-baked excuse for your delays.

  1. Be tidy and neat in your work 

People love nothing more than working with someone who won’t leave meeting rooms in a mess, dirty plates and cutlery in the common kitchenette or an old banana peel in the waste basket attracting more insects than they’d care to see. Being tidy (and generally clean) will definitely help you win points with your colleagues.

  1. Be sensitive to situations around you

Working with people will undoubtedly create an ever-fluctuating set of dynamics. Many of us can perceive the general mood of the office as soon as we step in and – very carefully – act accordingly. There are those however who barge right through everything, oblivious of how people are feeling or made to feel. Be sensitive to what your colleagues are going through. This will help you avoid awkward moments.

  1. Make the most of your colleagues’ celebratory events

Whether it’s a birthday, work anniversary or any other occasion which requires celebrating (and cake), do try to spread it around at the office. It will make your colleague feel appreciated and will get all the office sharing in the happy event. Happiness is a contagious bug and a smile or a laugh can go a long way into building strong relationships. Perhaps you have a designer in your company you can co-ordinate to create funny, personalized cards or caricatures just for the event. If not you can always hire a designer through a service like Spotlancer. Or you could decorate your colleague’s desk before they arrive with the help of other co-workers. Simple, genuine actions are usually the most fondly remembered.

  1. Know when to draw a line between the personal and the private

So you’re working in IT and your bench mate is a developer who graduated with you. Although that’s all well and good, it does not mean this shared life event entitles you to exclusive insights into his personal life. If you feel that he or she is not opening up, then it’s a clear sign to back off with the questions.

  1. Offer help when you feel your colleagues need it

The oldest rule in the book – but the one your colleagues will be most appreciative of. Don’t simply assume control of things however. Show them you’d be more than happy to assist and let them come to you.

  1. Never take credit for something you did not do

This applies across the industry board – whether you’re in the Legal industry, Telecommunications, Health Care – you name it, credit where due. Always. If not, it’s surely your one-way ticket to the office’s darkest recesses from which a return to good graces is very unlikely.

  1. Be pro-active with out-of-office events organisation

Usually, the individual responsible for organising social events between colleagues is the one with the most pats on the back, and this is not just for jobs in Malta. So why not lend a helping hand next time your HR manager announces there’s going to be an event soon? (We won’t tell you’re just doing it for the pats.)

  1. And if you feel you’ve over-stepped and someone at the office holds a grudge against you, there’ only one way to make things right with the world again… Take food!

Remember, you’re working in Malta and as jobs in Malta go, you can never go wrong with a dozen pastizzi early in the morning when everyone is still bleary eyed and not too sure why they came to work. Grudge? What grudge? Another pastizz, anyone?

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Poll: What languages are you fluent in?

Posted by | March 7, 2015 | Malta Jobs

What languages are you fluent in?

With so many new job opportunities being created in Malta and Europe it’s becoming more vital to be able to speak more than one language. Take on our poll and let us know what languages are you fluent in (ideally both spoken and written).

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Poll: Do you invest in learning new skills?

Posted by | July 25, 2014 | Malta Jobs

Learning new skills.

With such a fast paced world, depending on the nature and industry of your work most of the time you need to keep yourself updated with what’s new to ensure you stay on top of your job and up to expectations. But let’s be honest, it’s not an easy job at all to fit in more time in your lifestyle to learn such new skills. So how important is it for you to keep up to date with new skills in the industry you work in?

Applying with your Linkedin Profile for job vacancies

We are happy to introduce a new feature which will not only help you to get hired faster but also to minimize your time when applying for jobs. All registered users will have the ability to apply for jobs via their linkedin profile.

How does it work?

It’s pretty easy, all you have to do is to click the “Apply with Linkedin” button found at the bottom of each job listing. Once you log in to your Linkedin account we’ll generate a C.V. which is sent directly to the employer / job lister.

Benefit for Job Seekers:

  • No need to have C.V. in hand
  • Faster and more efficient way to apply
  • Employers can view your friends recommendations
  • Better chance of getting employed

Benefit for Employers:

  • In depth history of user applying for the job
  • Receive much more feedback from job postings
  • Faster Response time from the time you post your job listing
  • Can view job seeker friend’s recommendations
Start making use of this feature, register on www.maltajobs.com.mt today.

Malta Public Holidays 2013

Posted by | March 15, 2013 | Malta Jobs

Malta Public Holidays 2013

List of all public holidays in Malta for the year 2013

Tuesday 1st January New Year’s Day
Sunday 10th February Feast of St. Paul’s Shipwreck
Tuesday 19th March Feast of St. Joseph
Friday 29th March Good Friday
Sunday 31st March  Freedom Day
Wednesday 1st May Worker’s Day
Friday 7th June  Sette Giugno
Saturday 29th June Feast of St. Peter and St. Paul
Thursday 15th August Feast of the Assumption
Sunday 8th September Feast of Our Lady of Victories
Saturday 21st September  Independence Day
Sunday 8th Decemeber Feast of the Immaculate Conception
Friday 13th December Republic Day
Wednesday 25th December Christmas Day

Up-to-date job vacancies in Malta

You can now also receive new job notifications via e-mail directly in your inbox with our newly added feature “e-Mail Job Alerts”.

Under your control.

We will only send you job vacancies which match your selection unlike other job posting websites which will spam you and fill up your mailbox with jobs who are not within your interest.  You also have the option to change job selections at any time.

How to subscribe?

To activate our e-mail Job Alerts all you need to do is to:

  • Logon to your maltajobs dashboard
  • Click on “Job Alerts
  • Choose what job categories you are interested in
  • Choose Subscribe from the drop down menu
  • Click “Save” at the bottom of the page

As soon as we find one we will drop you an e-mail and notify you about it.

What’s more?

We also included a dedicated rss feed which will update automatically according to your Job Alerts selection. This means that apart from receiving the latest job vacancies via e-mail you can grab them and read them via any rss reader.

Please note the the Job Alert Rss feed is not the same as our main job feed which lists all jobs available on MaltaJobs