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If you are interested in hiring a remote team in Malta, or even just individual remote employees in Malta, then you have come to the right place!
Rivermate is an Employer of Record (EOR) that offers Malta payroll solutions. As a Malta payroll provider, we will cover everything from salary, benefits, employer-to-employee contributions, and especially payroll compliance in Malta. We are confident Rivermate’s payroll solutions Malta will help you grow as a business—because now, you won’t have to worry about your payroll solutions Malta. We take care of everything payroll!
With Rivermate, you can run Malta payroll services in just one click—regardless of currency, benefits, insurance, and your local labor laws. Everything is automated. Our priority is for you to focus on your company’s strategy and growth.
Our Rivermate Global Payroll services are made especially for startups and scaleups. We know that startups try to be extra prudent when it comes to choosing a payroll provider, so it is our mission at Rivermate to be your most reliable and cheapest payroll provider option. So if you’re looking for global payroll providers for small businesses, look no further and book a call with us now!
Once you've determined the best Malta payroll option for your company, you'll need to collect some information from employees in order to add them to your payroll. Begin by acquiring their personal identification number, tax deduction card, and emergency contact information. When an employee begins working and provides you with their tax deduction card, they become a part of the social security system and are eligible for benefits.
Malta's tax laws will have an impact on both your company and your employees. The corporate income tax rate is 35% of taxable profits, and both employees and employers are required to contribute 10% of gross wages to social security. Employees must also pay income taxes at a progressive rate ranging from 0% to 35% of their annual earnings. Employers are required to deduct these taxes from an employee's paycheck using a Pay As You Earn (PAYE) system, so make sure you're in compliance.
Companies that wish to expand their operations globally have four different payroll options in Malta. These payroll options are:
1. Internal Payroll. This payroll option is applicable for already established companies in Malta. It includes devoting an entire Human Resources staff to running the company's payroll procedures.
2. Remote Payroll. Smaller firms may lack the capacity to handle their own payroll, but they may add their workers to the parent company's payroll. This action, on the other hand, requires considerable thinking. You must guarantee that you follow the rules and laws of each nation.
Working with a local outsourcing firm is one method to retain money in the local economy, but you'll still need to study all of the local rules and regulations, since you'll be held responsible.
3. Malta payroll outsourcing: Outsourcing your payroll to an Employer of Record in Malta, such as Rivermate, is another alternative for Andorra payroll outsourcing. We can manage all aspects of your payroll, including compliance. Send us a note and we'll get back to you as soon as possible!
It is the obligation of the employer to ensure that all payroll-related transactions are properly documented and recorded. All salaries and compensation payments must adhere to the local minimum wage as well as other applicable laws and regulations.
Rivermate's payroll services in Malta can assist you in staying in compliance with the country's ever-changing payroll rules. We provide an all-inclusive solution that covers everything from compliance and reporting to salary payments.)
Companies that have a business presence in Malta have different ways of managing payroll. However, most of the options you have for running payroll in Malta are either expensive or require establishing a subsidiary in Malta. The cheapest, most efficient, and most reliable payroll processing system in Malta is by outsourcing payroll to Employers of Record (EOR) in Malta. Rivermate is one of those Employers of Record.
At Rivermate, we offer you the most efficient, most compliant, and cheapest HR and Payroll Management services in Malta. We do this by taking care of your payroll-related needs, such as keeping track of your employees’ financial records, including incentives, gross and net salary, and payslips, all the while staying compliant with the labor laws in Malta. Because we do your online payroll management for you, you can have absolute focus on your business’ strategy and growth.
Rivermate is all about growth through collaboration and we achieve this by offering the most reliable yet cheapest services for managing payroll for small businesses in Malta.
In Malta, an employee may be terminated for cause, redundancy, or retirement age. Employers are required to deliver an employment certificate to an employee who has completed at least one month of employment upon request. The employment certificate must include dates of employment and a description of duties. The cause for termination must also be given if the employee demands it.
Malta recently increased its minimum wage by 155 Euros per month beginning in 2020. Employees must now earn 777 Euros per month. Employers must pay their employees in cash or with a check that can be cashed at a Maltese bank. Employees and employers usually agree on a salary payment schedule, such as weekly, biweekly, or monthly.
In Malta, the standard work week is between 40 and 48 hours, depending on the industry. Employers may require employees to work more than 48 hours per week with their consent. Employers are prohibited from retaliating against an employee who declines to work overtime. If an employee consents to work more than 48 hours per week, the employer is required to provide the required daily and weekly rest periods. Employees have the right to withdraw consent for work exceeding 48 hours per week.
The government offers universal healthcare, and some businesses provide additional private healthcare insurance.
All workers working 40 hours per week are entitled to 192 hours of paid annual leave, which equates to about four weeks and four working days of paid time off. Sick leave is also provided in Malta in accordance with the appropriate Wage Regulation Order for certain industries. Employees typically get two weeks of sick leave each year, as long as the employer obtains a medical certificate.
One distinctive feature of Malta's benefit rules is that both male and female employees are entitled to four months of unpaid parental leave for the birth, adoption, foster child, or legal custody of a kid until the child reaches the age of eight. To be eligible, all workers must have worked for your business for at least a year.