Nationals (Amendment) Rules, 2013

L.N. 178 of 2013

INCOME TAX ACT

(CAP. 123)

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

Nationals (Amendment) Rules, 2013

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

the Income Tax Act, the Minister for Finance 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.

Rules, 2013, and these rules shall be read and construed as one with

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

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

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

July, 2013.

Rule 3 of the principal rules shall be amended as follows

Amends rule 3

of the principal

rules.

(a)

in sub-rule (1) thereof, for the words "and by paying

the fee that the Minister may prescribe.", there shall be

substituted the words "and by paying the fee that the Minister

may prescribe:", and immediately thereafter there shall be added

the following new proviso

"Provided that the Commissioner shall not receive

any applications for special tax status under these rules

after 30th June, 2013.";

(b) in sub-rule (2) thereof, for the words "qualifies for

special tax status under these rules.", there shall be substituted

the words "qualifies for special tax status under these rules:",

and immediately thereafter there shall be added the following

new proviso

"Provided that the Commissioner shall not issue

such determinations in writing after 30th June, 2013."; and

(c)

immediately after the new proviso to sub-rule (2)

thereof, there shall be added the following new sub-rule

"(3) A beneficiary in possession of special tax

status granted under these rules may request the

Commissioner to grant him special tax status under the

Global Residence Programme Rules, 2013. Upon receipt

of such request, the Commissioner shall issue a

determination in writing that such beneficiary has been

granted special tax status under the Global Residence

Programme Rules, 2013. Such a request is to be made

through the services of an authorised registered mandatary

and shall make reference to this rule

Provided that in those cases where an application

for special tax status has been made under these rules, and

the Commissioner had not yet issued a determination in

writing confirming such status as at 30th June, 2013, the

applicant may request the Commissioner to consider such

an application to have been made under the Global

Residence Programme, 2013. Such a request is to be made

through the services of an authorised registered mandatary

and shall make reference to this rule.".

€0.18