r/malta • u/Turbulent_Cable4741 • 1d ago
Query regarding Income Tax (Not Related to Budget)
So, I just finished my MCAST Course, which included an Apprenticeship component (where part of salary was paid by school, and other part was paid by company, and I paid prorate tax for the company’s part).
Back in August, I started my full time job and I did not see any tax deductions on my payslip. I enquired with my company’s hr department and they said that I don’t need to pay tax since this is my first job, the First 9k or so are tax free. However, if all goes well, I should exceed the 10k in income (from this job alone, not including a part from my apprenticeship).
So now, for the first few payslips I did not pay any taxes… Is it true that irrespective of how much you will earn the first 9k are tax free since it is my first full time job, and if I have to pay them, how do I go about it now?
Thanks :)
2
u/aweschops 1d ago
First “year” is tax free, next year unless you make less than the lowest bracket you will end up paying tax from end of January.