confused about tax in Malta

I can't explain it, I'm afraid, but for what it's worth here is the government's Inland Revenue website.  No disrespect to Wikipedia, but this should be more authoritative and perhaps more thorough.  I guess you will want to look at both the tax and SSC (=NI) rates.

http://www.ird.gov.mt/

There's a caculator on that website that should help you - it is accurate (I checked against my own income and tax figures).

I don't know your income and deductions etc, but for a single person earning 20,000€ pa the tax for the full year would be 2,325€

Hope that helps.

Here's how that figure of 2,325€ is arrived at:

Assuming annual income of 20,000€

The first 8,500 is taxed at 0%, thus total of 0 tax
Income from 8501 to 14500 is taxed at 15%, so (14500-8501)*.15=899.85
Income from 14501 to 19500 is taxed at 25%, so (19500-14501)*.25=1249.75
Income 19501 and over is taxed at 35%, so (20000-19501)*.35=174.65

Add them all up:
          0
+    899.95
+   1249.75
+    174.65
    -------
    2324.25

Tim

thanks everyone. I was hoping that the 25% would be including NI as to pay 100+ NI plus 25% is a really high amount but all the links etc confirm the same thing.

Thanks for all your help!

It doesn't look that much different than the UK to me (again using the 20k € income amount) - in the UK that would be approx 17.5k GBP income and the tax (at 20% less personal allowance) for a single person would be 2,170 GBP a year or approx 2,500 €.

The NI in the UK on that income would be 106 GBP a month which is approx 122 €.

My numbers might be off (I used this website - listentotaxman.com/index.php) as I'm not a tax accountant, but if they're close then someone earning 20k € in Malta is a little better off than someone earning 17k GBP in the UK as far as income tax and NI contributions are concerned.

Tim

iamharibo - have you seen the PM I sent you ?