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Money matters

Rough tax on €50k salary?

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Rough tax on €50k salary?

Postby Tony9066 » Wed 2 Apr 2014 14:31 GMT

Hi all.

I am trying to make a sensible decision. I'm looking at accepting a position in malta, on a 50k euro salary what would the rough tax be?
Also are bonuses taxable there?
I understand you can't give individual tax advise, but a general heads up would be of benefit.
Thanks
Tony

[Edited by Site Admin: topic title changed from "Hi all". Please read the guidelines. - Dave]
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Postby gozomark » Wed 2 Apr 2014 16:11 GMT

yes, bonuses taxable on standard ta table rates - you will be liable to income tax and social security contributions - the tax and social sec rates are on


http://www.ird.gov.mt/services/taxrates.aspx
http://www.ird.gov.mt/services/sscrates.aspx
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Postby maxine » Thu 17 Apr 2014 06:11 GMT

But also bear in mind that a €50k salary in Malta would be the rough equivalent of a €75k salary in the UK due to the lower cost of living here. (my approximations)
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