Highly Qualified Persons (Amendment) Rules, 2015

L.N. 225 of 2015

INCOME TAX ACT

(CAP. 123)

Highly Qualified Persons (Amendment) Rules, 2015

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

The title of these Rules is the Highly Qualified Persons

(Amendment) Rules, 2015, and they shall be read and construed as

one with the Highly Qualified Persons Rules, hereinafter referred to

as "the principal rules".

Immediately after subrule (4) of rule 6 of the principal

rule, there shall be added the following new subrule

"(5) Notwithstanding anything to the contrary contained in

these rules, but subject to rule 14, any person who has availed himself

of the benefit provided by these rules and falls under the provisions of

subrule (1) hereof shall be eligible, upon application, for a one-time

extension of five years to his qualifying period, subject to the

continued adherence to the other provisions of these rules: provided

that this extension shall not be available to any person who was

resident in Malta prior to the 1 st of January 2008 and that the

maximum qualifying period shall not exceed ten years of

assessment.".

Immediately after rule 13 of the principal rules, there shall

be added the following new rule

" Time limit of benefit

No determination by the

competent authority in accordance with

rule 11 shall be issued after the 31 st

December 2020, and any determination

issued must refer to any employment

commencing by the 31 st December 2021

and terminated by the 31 st December

2025.".

€0.09