Malta revises social security and maternity fund contribution rates for 2024

Changes in social security contribution

Following the increase in the minimum wage to € 213.54 per week, Malta’s Commissioner for Revenue has published the social security and maternity fund contributions for 2024 tax year.

Class 1 categories and rates are mentioned below:

*Students who are following a full-time course of studies or instruction under the student-worker scheme, or other similar schemes (including the extended skills training schemes but excluding the worker-student schemes) involving distinct work and study periods for which they are receiving remuneration.

*Or if the employee chooses, 10% of the basic weekly wage. This rate of contribution entitles the contributor to pro-rata contributory benefits.

Rates for persons born up to 31^st December 1961:

Rates for persons born from 1^st January 1962 onwards:

Rates for persons born from 1^st January 1962 onwards:

Please contact your Mercans’ services delivery team for any additional information regarding the implications of the above change.

Mercans Recommends

View PDF

Malta revises social security and maternity fund contribution rates for 2024

Size

845.65 KB