Salary Calculator Malta

Tax Year: 2024 – 2025

If you live in Malta and earn a gross annual salary of €21,444, or €1,787 per month, your monthly take-home pay will be €1,421. This results in an effective tax rate of 20%, as estimated by our Malta salary calculator.

The table below shows how your monthly take-home pay would vary across different eurozone countries based on the gross salary you entered.

The following chart outlines your earnings relative to the national average salary and minimum wage in Malta.

Please note that the national figures assume full-time employment for the entire year, while your salary is calculated according to the settings you selected.

Based on the latest Labour Force Survey from Malta's National Statistics Office, the average annual gross salary in the last quarter of 2023 was €21,444, or €1,787 per month. If we enter this figure into our salary calculator, we get a monthly after-tax salary of €1,421, resulting in an effective tax rate of around 20%.

Of course, this number will vary depending on factors such as industry, job role, and years of experience. The financial and insurance sector boasts the highest average salary, standing at €2,408 per month before taxes, while the average worker in the construction sector earns a monthly gross salary of €1,443.

The national minimum wage in Malta in 2024 is €213.54 per week for full-time employees aged 18 years or older. If we extrapolate this figure to an entire year, we get a minimum annual salary of €11,104 before tax (€925 per month), which corresponds to a monthly take-home pay of around €844.

The minimum wage for 17-year-olds is sightly lower, sitting at €206.76 per week, while for those under 17, the weekly pay is set to €203.92. If we assume full-time employment, these numbers correspond to yearly salaries of €10,752, and €10,604, respectively.

Employees in Malta have taxes deducted from their salary by their employer, while self-employed individuals and others must pay taxes directly to the tax authorities by filing a tax return. Our tax calculator includes the following taxes and bonuses.

• Income Tax: The Maltese government applies a progressive income tax system, with rates that vary from 0% to 35%. In 2024, individuals with an income of up to €9,100 are not subject to income tax.
• National Insurance: In Malta, National Insurance refers to the portion of an individual's salary that is withheld to support a range of social security benefits, including healthcare, pensions, and unemployment benefits. Both employees and employers contribute 10% of the employee's gross salary towards Social Security.
• Government Bonuses: Employers in Malta pay two types of bonuses to employees, namely the Statutory Bonus and the Weekly Allowance. The Statutory Bonus is paid bi-annually in June and December, while the Weekly Allowance is paid twice a year in March and September. All registered employees, including part-timers who work full-time elsewhere, are entitled to them.

It's important to note that students enrolled in a full-time course of studies or instruction under the Student-Worker Scheme or other similar schemes are eligible for a reduction in National Insurance. While the rate remains at 10%, this reduction effectively limits a student's social security contributions to €7.94 per week, or approximately €413 per year.