The End of the VAT exemption for goods up to €22 – No Transitional Period
22 June 2021
As from 1st July 2021, the European Union will introduce new VAT e-commerce rules to...
minimum wage of part-time employees shall be calculated pro rata at the same
hourly rate of a comparable whole-time employee in accordance with the relevant
Wage Regulation Order (WRO). In cases where a WRO is not applicable, the pro
rata is calculated using the weekly National Minimum Wage applicable for a
comparable whole-time employee, divided by forty.
Minimum Wages for 2014
18 years and
Under 17 years
payable to the employee can consist of a commission so long as the minimum
weekly wage is guaranteed and such minimum wage is paid at regular intervals
not exceeding four weeks in arrears.
statutory bonus payable every six months is as follows:
End of June €
From the 15th
till the 23rd December € 135.10
part of the bonus it can be worked out at €0.74 per calendar day including
Saturdays and Sundays.
statutory Weekly Allowance payable every six months is as follows:
End of March
part of the weekly allowance it amounts to € 4.66 per working week, or a
Cost of Living Increase
The cost of
living increase is obligatory. A full-time employee is entitled to the full
increase, while a part-time employee is entitled to part of the cost of living
increase in proportion to the hours worked.
The Malta Chamber of SMEs represents over 7,000 members from over 90 different sectors which in their majority are either small or medium sized companies, and such issues like the one we're experiencing right now, it's important to be united. Malta Chamber of SMEs offers a number of different services tailored to its members' individual requirements' and necessities. These range from general services offered to all members to more individual & bespoke services catered for specific requirements.
A membership with Malta Chamber of SMEs will guarantee that you are constantly updated and informed with different opportunities which will directly benefit your business and help you grow. It also entails you to a number of services which in their majority are free of charge and offered exclusively to its members (in their majority all free of charge).