Malta | Employee’s June 2017 bonus – COLA

Malta | Employee’s June 2017 bonus – COLA

Full-time and part-time employees and pensioners in employment are entitled to the June 2017 weekly allowance. The maximum taxable bonus payable to each employee between the 15th and the 30th of June 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 January 2017 to the 30th June 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.

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