What is FS3 Malta?

Overview. Overview. This service is intended for Social Security beneficiaries who would like to issue a Statement of Earnings (FS3), for Social Security payments paid for a specific year for the past 2 years. Since this is an electronic document it does not require a signature.

What is an FS3 form?

An FS3 is issued to each individual employee. It shows the gross salary earned, taxes and social security paid. The FS7 is a reconciliation of the monthly taxes, social security contributions and maternity leave trust fund contrbutions due and the payments made to the Department .

How do I get FS3 in Malta?

Primarily all you need is an e-ID (Electronic Identity Card) which you may acquire by calling Identity Malta Agency, on 2590 4300 and file an application for this service with the department by means of the CFR03 form which may be downloaded from our website.

Can I get my FS3 online?

The end of year employees’ statements of earnings (FS3’s and FS7) can also be filed on line either through a web form or through a spreadsheet application from the employer’s desktop.

What is an FS4 Malta?

The FS4 form includes details of the tax status of the individual, and on it one selects whether it is the employee’s main source of employment, part time employment or other emolument income.

What is FSS tax Malta?

The FSS (Final Settlement System) which mainly caters for employees and pensioners is designed to produce accurate tax deductions from emoluments. This methodology ensures that the correct amount of tax is deducted from gross emoluments as they are received, thus reducing the incidence of large refunds or tax claims.

What is my tax number Malta?

The tax registration number for Maltese citizens and residents is normally their ID Number. In the case of foreigners, these are issued with a nine (9) digit number.

What is FS5?

FS5 (Payer’s monthly payment advice) On a monthly basis an FS5 form is to be submitted to the Inland Revenue Department for the declaration and payment of the tax, social security contributions and maternity leave trust fund contributions.

What is emolument income?

Emolument refers to salaries, wages, overtime, bonuses, directors’ fees, stipends and severance pay of amounts in excess of the first TT$300,000 ($44,800) earned in T. However, it does not include earnings arising from trade or business carried out by an individual, or sole traders.

How is FSS calculated in Malta?

Calculated tax is based on the projected emoluments, which is measured by taking a person’s taxable earnings to date, dividing it by the number of pay periods until now, and multiplying by the number of pay periods in the year.

How do I download FS3?

To download any of the Tax Forms (FS3/FS5/FS7),

1. Go to Tax Forms.
2. From the dropdown menu, select which Form Type you would like to issue.
3. Select the Year.
4. You will see a summary of the tax forms.
5. Click the Eye icon to view/download the relevant Tax Form.

What is FS4 form?

FS4 – Payee Status Declaration. FS5 – Payer’s Monthly Payment Advice. FS7- Payer’s Annual Reconciliation Statement. FB1 – Fringe Benefits Personal History Sheet.

What are the new FSS forms for employers in Malta?

The Maltese Inland Revenue Department has issued new FSS Forms. The new FS3, FS4, FS5 and FS7 Forms have been issued mainly to include the employers’ contributions towards the monthly Maternity Fund Contributions calculated on each employee.

What are the new FS3 and FS4 forms?

The new FS3, FS4, FS5 and FS7 Forms have been issued mainly to include the employers’ contributions towards the monthly Maternity Fund Contributions calculated on each employee. The next Public Holiday in Malta is the Feast of St. Paul’s Shipwreck – 10th

When do I have to give my FS3?

The FS3 of 2020 is provided to the employee after the end of the year, if the employee is still employed with the employer at 31st December 2020. If the employee is no longer employed for whatever reason with that employer during 2020 then the FS3 has to be given to the employee within 7 days of the date of resignation.

How to generate statement of earnings (FS3)?

Upon selecting ‘ Generate Statement of Earnings (FS3) ’ for a specific year chosen from the past 5 years, the user will be given the option to download a Statement of Earnings issued in PDF format or else receive the statement by email