Payroll Services in Malta
Monthly payroll for employers in Malta, from gross-to-net pay to the FS5 each month.
- ACCA-qualified staff
- Malta Employers’ Association member
- Summary sent for your approval
You will speak with Andrew Fenech
Why Borg Galea
Tax and audit alongside
Tax, audit, corporate and regulatory work through the same relationship as your accounts.
A firm of 115+ people
We have grown from two people at the 2017 founding to 115+ at Borg Galea.
A team in Birkirkara
The team works from our office at Centris Business Gateway, Birkirkara.
“Borg Galea & Associates have always managed to exceed our expectations in terms of quality of service. Very professional, friendly team who is always there to help. Reliable, meticulous in their work, and deliver on time. Highly recommended.”
Natalie Vella WrightDirector – Billboard Connection- Borg Galea is a member of FinanceMalta, IFSP, MIA, MIT and MEA.
What our payroll service covers
- 01
Monthly salary processing
We calculate gross-to-net pay for each employee, including tax, SSC, overtime, bonuses and variable pay.
- 02
FS3, FS5 and FS7
We prepare and submit the FS5 each month and the FS3s and FS7 at year-end.
- 03
Payslips and registrations
Payslips show deductions, contributions and net pay. We also register and deregister employees and track leave.
How payroll outsourcing works
- 1
We review your current payroll
We look at your employee records and contracts, then set out the scope in a written proposal.
- 2
You send the monthly changes
Each month you send us new starters, leavers, overtime, bonuses or absences.
- 3
We run payroll and file
We run payroll, submit the monthly filings and send you a summary for approval.
What payroll services in Malta involve for employers
Payroll applies to any company or individual in Malta who employs staff, whether part-time or full-time, and it goes beyond monthly payslips. Payroll for employers starts with the permit to be an employer, known as the PE number. It continues with the registration of every new employee and the deregistration of every leaver.
Each pay run has to agree with the FS5 you submit with your monthly payment, so the tax and SSC on each payslip match what you report. The same monthly figures then build each employee's FS3 and your FS7 at year-end. For that reason we record starters, leavers and employee leave as part of the same service, and we advise on leave when questions come up.
Beyond the administration, we can help with employment contracts, appraisal systems and other employment requests. Tell us what you need when we first review your payroll, and we set it out in the proposal.
Who you will work with
Valentina Zammit Stojanovic administers payroll for our clients.
Roderick Galea
Accounting Director & Co-Founder
Valentina Zammit Stojanovic
Payroll Administrator
Andrew Fenech
Payroll questions
What are the FS3, FS5 and FS7?
The FS5 accompanies each monthly tax and SSC payment, due by the last working day of the following month. The FS3 is each employee's annual statement, filed with the FS7 reconciliation by 15 February.
Can you help when we hire our first employee?
Yes, if we run your payroll on an ongoing basis. You must register as a payer within 15 days of the first wages accruing, and we can apply for your PE number.
Can you run payroll for foreign employees?
Yes. We process payroll for Maltese residents and foreign nationals working in Malta, taking any applicable tax treaty provisions into account.
How are fees agreed?
Fees depend on your workforce and the services involved. Pricing is agreed in advance in a personalised written proposal, with no hidden charges.
Set up your payroll with us
Tell us how many employees you have and whether anyone is joining or leaving soon.
You will speak with Andrew Fenech