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      • Cost of living increase of € 1.75 per week applicable to all employees, pensioners and those entitled to social benefits. Students receiving stipends will benefit from a pro-rata increase.
      • Tax rate applicable to income from part time work to reduce from 15% to 10%.
      • Part-time workers with more than one employment will have the opportunity to pay social security contributions with respect to more than one part-time employment, up to a maximum of 40 hours per week. This is intended to result in a higher pension.
      • Employees with an annual basic salary of not more than € 20,000 shall have the first € 10,000 of their income derived from overtime work taxed at a rate of 15%.
      • Government to setup a website to make available templates of employment contracts containing minimum requisites provided at law thus ensuring all employment rights are respected.
      • Employees in sectors such as hospitality, transport, manufacturing, wholesale and retail who work nights, weekends and shifts and whose salary does not exceed € 20,000 per annum shall receive an annual in work benefit of € 150.

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      Clifford Delia

      Partner, Corporate Accounting Advisory Services

      KPMG in Malta

      Amy-Jo Portelli

      Associate Director, Corporate Accounting Advisory Services

      KPMG in Malta