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 following chart outlines your earnings relative to the national average salary and minimum wage in Malta. These are annual, before-tax figures, calculated assuming full-time employment.

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, as estimated by our tax calculator.

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.