4 tal-2023 - Regoli tal-2023 li jemendaw ir-Regoli dwar Tnaqqis (Dħul minn Impjieg)

L.N. 4 of 2023

INCOME TAX ACT

(CAP. 123)

Deduction (Income from Employment)

(Amendment) Rules, 2023

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

of the Income Tax Act, the Minister responsible for finance has made

the following rules:-

(1) The title of these rules is the Deduction (Income from

Employment) (Amendment) Rules, 2023 and these rules shall be read

and construed as one with the Deduction (Income from Employment)

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

(2) These rules shall come into force with effect from the year

of assessment 2024.

In paragraph (a) of rule 2 of the principal rules, the words

"does not exceed ten thousand and twenty euro (€10,020)" shall be

substituted by the words "does not exceed ten thousand five hundred

and thirty-five euro (€10,535)".

Rule 3 of the principal rules shall be amended as follows

(a) rule 3 shall be renumbered as sub-rule (1) and in the

Maltese version the words "mill-imsemmi impjieg." shall be

substituted by the words "mill-imsemmi dħul."; and

(b) immediately after there shall be added the following

sub-rule

"(2) Any individual to whom rule 2 applies and who

is chargeable to tax at the rates specified in the second

proviso to article 56(1)(b) of the Act shall be granted as a

deduction against his income from employment, a

determined amount of ten thousand five hundred euro

(€10,500) from the said income.".

€0.09