Deductions and Tax Credits (General and Specific Qualifications)

L.N. 174 of 2007

INCOME TAX ACT

(CAP. 123)

Deductions and Tax Credits (General and Specific Qualifications)

(Amendment) Rules, 2007

IN exercise of the powers conferred by articles 14(2) and 96 of

the Income Tax Act, hereinafter referred to as “the Act”, the Prime

Minister’ and Minister of Finance has made the following rules>-

The title of these rules is the Deductions and Tax Credits Title.

(General and Specific Qualifications) (Amendment) Rules 2007, and L.N. 355 of 2005.

shall be read and construed as one with the Deductions and Tax Credits

(General and Specific Qualifications) Rules, 2005, hereinafter referred

to as “the principal rules”.

These rules shall apply to qualifying expenditure incurred on Commencement.

or after 1 st June, 2007.

For sub-rule (1) of rule 19 of the principal rules there shall be Amends rule 19 of

the principal rules.

substituted the following>-

“The letter of approval referred to in rule 18(4)(c) shall be

issued by the Corporation on the application of an individual when

the Corporation is satisfied that the application is a bona fide

application that complies with the provisions of rule 18, and when,

after it has obtained all such information and made such

ascertainment as it has considered necessary, it considers it

appropriate so to do, it may determine that the course in question

is a course leading to a relevant qualification and determine the

extent to which, in its opinion, the expenditure referred to in the

application constitutes qualifying tuition expenditure and is

necessary and reasonable in the light of the purpose for which it is

or was intended to be incurred, and the amount so determined shall

constitute the maximum qualifying tuition expenditure>

Provided that the Corporation shall not issue the letter of

approval in respect of a course of studies that -

B

(a) commences after the 31 st December, 2008 or after

such earlier date as the Corporation may specify by means of

a notice in the Gazette<

(b) is longer than thirty six months.”.

Mitbug[ fl-Istamperija tal-Gvern — Printed at the Government Printing Press

Lm0.08 (€0.19)