Highly Qualified Persons (Amendment) Rules, 2014

L.N. 16 of 2014

INCOME TAX ACT

(CAP. 123)

Highly Qualified Persons (Amendment) Rules, 2014

IN exercise of the powers conferred by articles 56(21) and 96 of

the Income Tax Act, the Minister for Finance has made the following

rules

(1) The title of these rules is the Highly Qualified

Persons (Amendment) Rules, 2014, and these rules shall be read and

construed as one with the Highly Qualified Persons Rules, hereinafter

referred to as "the principal rules".

(2) These rules shall be deemed to have come into force as

from year of asssessment 2013.

In paragraph (c) of the definition "competent authority"

contained in sub-rule (1) of rule 2 of the principal rules, for the words

"Civil Aviation (Air Operators’ Certificates) Act;" there shall be

substituted the words "Civil Aviation (Air Operators’ Certificates)

Act or an aerodrome licence issued in terms of article 71 of the Air

Navigation Order;".

The Schedule to the principal rules shall be amended as

follows

(a)

the present provisions starting with the words

"Employments with companies" and ending with the words

"Head of Investor Relations." shall be renumbered as paragraph

(1) thereof; and

(b) immediately after paragraph (1)

thereof,

as

renumbered, there shall be added the following

"(2) Employments with undertakings holding an

aerodrome licence issued by the competent authority,

consisting in employment as Chief Executive Officer.".

€0.09