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Igaming Salary/Tax help

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Pierre Fan Fan

Bonjour,

I have been offered a job in Igaming after getting through many interviews. My salary would be €21k. I have used the maltasalary website to see what my pay after taxes etc would be but I think I read on here you don't pay tax in your first year. I have also read it's different tax for igaming employees. It's quite confusing for me.

Could someone advise of my monthly take home pay on €21k ?

Many thank yous in advance. Pierre.

See also

The tax system in MaltaWhere is the best place to pay my UK wage taxes?Non residents income tax filingDo pensioners from UK have to pay Tax on their Pension in Malta ?Tax return for non dom
volcane

You pay *more* for your first year see https://cfr.gov.mt/en/inlandrevenue/per … dents.aspx I believe once you are considered resident you might get some back pay or something, others probably know better.

igaming employees in key positions who qualify against a long list of criteria can get a 15% flat fee.

hanselmar

Expect a net salary of € 1400.00  per month.However, igaming employees often get a taxfree bonus of 15% which makes such a job more attractive. I am not sure if this payment is better than in Belgium, but compare it. At least the tax rate over here is lower than in your home country.

vnzhlv

hanselmar wrote:

Expect a net salary of € 1400.00  per month.However, igaming employees often get a taxfree bonus of 15% which makes such a job more attractive. I am not sure if this payment is better than in Belgium, but compare it. At least the tax rate over here is lower than in your home country.


Where did you hear about taxfree? I'm working as a developer but my salary just like http://maltasalarycalculator.com says

MichaP

Pierre Fan Fan wrote:

I have also read it's different tax for igaming employees. It's quite confusing for me.


There is a flat tax fee of 15% for certain key positions, but this applies only for salaries over 85K/year, so not applicable in your case. Your tax can be calculated here:
https://cfr.gov.mt/en/inlandrevenue/per … -2019.aspx

In addition you pay a social security contribution which will be ca. 100-160 Euro/month with your salary.

Pierre Fan Fan wrote:

I think I read on here you don't pay tax in your first year.


This is not correct. Where this idea comes from: In Malta tax is calculated over the calendar year. If you arrive for example in in August, your tax would be calculated based on 5 months salary (August to December). With your gross salary, this would mean the lowest tax bracket under 9,100 Euro/year, meaning no tax due in Malta.
However, there are two caveats to that: If you worked in your country before, generally under double taxation agreements, you would have to file a tax return in the country where you lived more than 180 days in that year, include the salary earned in both countries and pay taxes accordingly in that country, while receiving tax credit in the other country. Most people don't do this correctly though and don't pay taxes on the salary earned in Malta (which is not correct and I do not advise it).

Further, for new residents during the first 6 months, non-resident tax rates are applied, leading to a much higher tax deduction during the first 6 months.
https://cfr.gov.mt/en/inlandrevenue/per … dents.aspx
The tax is however refunded in the 7th month as the resident tax rates are applied retroactively. As this leads to very high deductions for the first 6 months, some companies pay the highter tax on the employees behalf and adjust it with the refund. You should ask your employer, how this is handled in your company.

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