ACT No. I 011994 AN ACT further to a~nd the Income Tax Act, Cap. /23.

I assent.

CENSU T ABONE

(L.S.)

Preside nt

25lhJanuary, 1994

ACT No. I 011994

AN ACT further to a~nd the Income Tax Act, Cap. /23.

BE IT ENACI EO by the President, by and with the advice and

consent of the House of Representatives, in this present Parliament

assembled, and by the authority of the same, as fol1ows:-

(1) This Act may be cited as the Income Tax (Amendment)

Act, 1994, and shall be read and construed as one with the Income Tax

Act, hereinafter refe rred to as " the principal Act".

(2) The provisions of this Act shall come into force upon the

publication of this Act in th e Gazette, in respect of the year of

assessment commencing on the 1st January, 1994 and of subsequent

years of assessment.

For secti on 3IB ofthe principal Act, there shall be substituted " ... r.dJncn,

the following section

~31B.

In the case of an individual ordi narily reside nt and

domiciled in Malta , tax charged for each year of assessment upon

the chargeable income of every such individual for the year

immediately preceding the year of assessment shall be further

rebated by an amount of one hundred and twenty-nine !iri in the

case of an in dividual who had a wifc living with or wholly

maintained by him and one hundred and three \iri in the case of any

other individual

Provided Ihat the further rebate shall be increased by

twenty-siK liri in the case of an individual who had a wife living with

or wholly maintained by him, and thirteen tiri in the case of any

other individual, who during the yea r of assessmen t did not claim or

was not entitled 10 relief in terms of section 84A of this Act. ~ .

Immediately after section 84 of the principal Act. lhere shall be

added the following new section

84A. ( I)

Where an individual resident and domiciled

in Mal ta has income falling unde r paragraph (b)of subsection

(1) of section 5 of this Act . being income derived from

ovenime or pan. time work as may be prescribed, he may,

subject to any rules that may be prescribed, elect to be nefit

from the relief under this $CdKm.

(2) Whe re an ind ividual has e lected 10 benefit

from the relief under thi s se<:tion the tall due by such peroon

shall, subject to such rules as may be prescribed , be relieved

by an amount not exceeding two hundred and fifty-five liri,

equal to seventeen per cent of the sum declared by him to

have been earned from ovenime or part. time work.

(3)

Where such individ ual has exercised the

option in lemu of section 26A of this Act to have his wife's

income from employment computed separately, he may elect

to benefit unde r this sectKm also in respect of the lax

separately computed under sectio n 26A. in which case the lax

50 separately compu ted shall, subject to such ru les as may be

prescribed, be relieved by an amount nOI exceeding IWO

hundred and fifty-five tiri, equal 10 seve ntee n per ce nl of tbe

sum declared by him to have bee n earned by his wife from

overtime or part-time work . ~.

Passed by the House of Re prese ntatives at Sitting No. 2 19 o f th e 19t h January,

1994. L .... WR ENC E GON Z I

Sptaktr

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