Deductions and Tax Credits (Relevant Qualifications for Industry)

L.N. 287 of 2021

INCOME TAX ACT

(CAP. 123)

Deductions and Tax Credits (Relevant Qualifications for Industry)

(Amendment) Rules, 2021

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

of the Income Tax Act, the Minister for Finance and Employment,

with the concurrence of the Minister for Energy, Enterprise and

Sustainable Development and Malta Enterprise, has made the

following rules:-

(1) The title of these rules is the Deductions and Tax Citation and

Credits (Relevant Qualifications for Industry) (Amendment) Rules, commencement.

2021 and these regulations shall be read and construed as one with the

Deductions and Tax Credits (Relevant Qualifications for Industry) S.L. 123. 107.

Rules, hereinafter referred as the "principal rules".

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

May, 2021.

Rule 2 of the principal rules shall be amended as follows

Amends rule 2

of the principal

rules.

(a) the definitions "the Department" and "Ministry" shall

be deleted;

(b) immediately after the definition "the Commissioner"

there shall be added the following new definition

" "Corporation" means the Malta Enterprise

established under the Malta Enterprise Act;"; and

(c) in

the

definitions

"guidelines",

"relevant

qualification" and "study costs", the word "Ministry", wherever

it occurs, shall be substituted by the word "Corporation".

In sub-rule (2) of rule 3 of the principal rules, the word Amends rule 3

"Ministry", wherever it occurs, shall be substituted by the word of

rules.

"Corporation".

Rule 5 of the principal rules shall be amended as follows

Amends rule 5

of the principal

rules.

(a)

the word "Ministry", wherever it occurs, shall be

substituted by the word "Corporation"; and

(b)

the second proviso thereof shall be deleted.

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