Chetcuti Cauchi advises employers and professionals on Malta’s employment tax rules, including fringe benefits and the Final Settlement System. We support companies, including financial services and iGaming firms in securing efficient tax treatment for key personnel.
Malta Employment Tax Advisors
Chetcuti Cauchi takes a holistic approach in providing a spectrum of tax and advisory services that are targeted at the requirements of both individual tax payers and corporate entities. We offer high quality advice that ensures efficient and effective compliance. Our specialised employment tax services range from employment reviews to employee termination payments, employee remuneration issues, and expenses and benefits manuals.
Employment Tax in Malta
Maltese law requires employers employing persons to carry out work in Malta to withhold tax on the gross emoluments their employees receive through their employment. The amount represents the payments due by each employee for income tax and social security contributions on the gross income received during the relevant year of assessment. The amounts withheld are remitted to the Inland Revenue Department. The system is referred to locally as the Final Settlement System which replaced the previous pay-as-you-earn (PAYE) system.
Financial Services and I-Gaming Professionals
As a firm we have acted for a considerable number of financial services and i-gaming firms and are therefore very well placed to assist operators in these sectors with their employment law questions. In particular we can assist clients in obtaining beneficial tax treatment under Malta's rules for highly qualified persons operating in the financial services and i-gaming spheres, securing low flat rates of tax for key personnel in these organizations.
Our Malta Employment Tax Practice
Our firm has successfully assisted many medium-sized and large corporations in the establishment of their Malta operations. Our legal and accounting professionals are specialized in tax matters and are well placed to guide individuals and corporations through the administrative and compliance duties imposed on them by the authorities as well as to advice on the setting up of internal procedures to operate the FSS. Our firm provides tax planning consultancy to client employers and employees alike, taking into consideration any applicable fringe benefits, double taxation issues, tax benefit and schemes.
