Malta | Employee’s December 2017 bonus – COLA
Full-time and part-time employees and pensioners in employment are entitled to the December 2017 weekly allowance. The maximum taxable bonus payable to each employee between the 15th and the 23rd of December is €135.10 covering 26 weeks. This allowance is calculated at €0.74 per day including Saturdays and Sundays or a proportion thereof for the worked period from the 1st July 2017 to the 31st December 2017.
Part-time employees are entitled to a pro-rata bonus based on the number of hours worked by the part-timer compared to normal number of hours worked by a full-time employee.
This bonus is taxable.
Read more detailed information on how to calculate the daily bonus.