2015 Cost of Living Adjustment, Income Tax Rates and Social Security Contributions

12 Jan 2015 12:00 - Payroll

2015 - Cost of Living Adjustment

The COLA for 2015 has been announced at €0.58 per week.  Persons on the minimum wage who receive the COLA will be exempt from paying tax on the increase.  Such exemption from paying tax on COLA increase will apply equally to pensioners who are solely in receipt of a pension equal to or less than the minimum wages.

2015 - Income Tax

 

2015 - Social Security Contributions

 

 
 

 

 


Source: https://ird.gov.mt/

Payroll

Dakar Payroll is the DakarHR suite’s flagship module. It is a fully user-definable package offering functionality far beyond simple payroll production and the running of mandatory employment reports.