Nationals (Amendment) (No. 2) Rules, 2012

L.N. 319 of 2012

INCOME TAX ACT

(CAP. 123)

High Net Worth Individuals - Non-EU/Non-EEA/Non-Swiss

Nationals (Amendment) (No. 2) Rules, 2012

IN exercise of the powers conferred by articles 56(23) and 96 of

the Income Tax Act, the Minister of Finance, the Economy and

Investment has made the following rules

(1) The title of these rules is the High Net Worth Citation and

Individuals - Non-EU/Non-EEA/Non-Swiss Nationals (Amendment) coming

force.

(No. 2) Rules, 2012, and these rules shall be read and construed as

one with the High Net Worth Individuals - Non-EU/Non-EEA/Non- S.L. 123.130

Swiss Nationals Rules, hereinafter referred to as "the principal rules".

(2) These rules shall be deemed to have come into force on 1st

January, 2011.

Rule 2 of the principal rules shall be amended as follows

Amends rule 2

of the principal

rules.

(a) in the definition "Commissioner", for the words

"Commissioner of Inland Revenue" there shall be substituted

the words "Commissioner for Revenue";

(b) immediately after the definition "family members",

there shall be added the following new definition

" "high net worth individual" means a beneficiary

in terms of rule 4;"; and

(c) in the definition "qualifying contract", for the word

"prescribed" there shall be substituted the word "approved".

Immediately after rule 4 of the principal rules there shall Adds a new rule

to the principal

be added the following new rule

rules.

'' Certificate by

For the purposes of these rules and

the

under the powers conferred upon him by the

Commissioner.

delegation issued by the Minister responsible

for immigration in terms of article 26 of the

Immigration Act, the Commissioner may

issue a certificate which shall be deemed to

constitute a residence permit issued in terms

of article 7 of the Immigration Act, to a

person who is a party to a qualifying contract

Provided that any rights conferred upon

a person who is a party to a qualifying

contract under article 7 of the Immigration

Act or through a certificate issued under these

rules shall not extend to any other person

except the person’s dependants as defined in

these rules.''.

4. Rule 6 of the principal rules shall be amended as follows

Amends rule 6

of the principal

rules.

(a)

paragraph (f) thereof shall be deleted; and

(b) paragraphs (g), (h) and (i) thereof shall be

renumbered as paragraphs (f), (g) and (h) respectively.

€0.18