Payroll A company or an individual in Malta which engages in employment activities needs to comply with a number of legislative requirements. The company or the individual must register with the Inland Revenue Department (IRD) as an employer.
Employees must be registered with JobPlus the maltese agency of Employment and Training and obtain employment permit if they are not Maltese nationals.
Employment Income falls to be taxed under the Final Settlement System (FSS), and employers must submit a number of returns on a monthly basis to the IRD providing details such as number of employees, tax deducted and number of national insurance contributions for the month. An employee’s income statement of the payroll is submitted on a yearly basis.
Regardless if you are an individual who assumes a housekeeper or a personal carer or even a babysitter for the children, as well as if you're a small, medium or large company that employs staff you need to care about the management of the payroll system and the compliance with all the formalities related to the employment laws.
Markit Business Solutions provides all the necessary payroll services which include preparation of monthly payslips all company’ statements monthly and yearly and the filing of all documents with the relevant authorities as well as the management of tax payments, all monthly or yearly company statements, which are duly filed with the relevant authorities as required by Maltese laws.