Cola Increase 2024 Malta Gov. The cost of living increase is obligatory. The payments to eligible households will be paid in two installments (december 2023.
These measures include a โฌ12.81 per week cost of living adjustment (cola), an increase in the income tax exemption threshold to cover 60% of pension income, revisions and. Each year, an increase in the weekly salary of all employees is announced during the budget, referred to as the cost of living adjustment (cola) mechanism.