INCOME TAX RETURN (EXEMPTION) ORDER

INCOME TAX RETURN (EXEMPTION)

SUBSIDIARY LEGISLATION 372.15

INCOME TAX RETURN (EXEMPTION) ORDER

7th May, 1999

LEGAL NOTICE 75 of 1999, as amended by Legal Notice 425 of 2007.

The title of this Order is the Income Tax Return

(Exemption) Order.

The individuals to whom this Order applies shall, for the

year of assessment 1999, be exempt from the provisions of articles

10 and 11 of the Income Tax Management Act, subject to the terms

and conditions of this Order.

This Order applies to

(a) any individual resident in Malta whose income during

1998 (excluding any income which that individual has

an option to disclose or not disclose in terms of any

provision of the Income Tax Act) did not include any

income falling under article 4(1)(a) of the Income Tax

Act and did not exceed the amount to which a nil rate

of tax applies in terms of the relevant provisions of

article 56(1) of that Act;

(b) any individual resident in Malta whose income during

1998 (excluding any income which that individual has

an option to disclose or not disclose in terms of any

provision of the Income Tax Act) consisted solely of

income that was subject to deduction at source,

including income subject to a nil rate of deduction, in

terms of the Final Settlement System (FSS) Rules, and

fully reported in a statement or statements of earnings

prepared in accordance with the said Rules and held in

his possession

Provided that this Order shall not apply to any individual

who does not furnish the Commissioner by not later than noon of

the 15th June, 1999 with a signed declaration in the form set out in

the Schedule.

With respect to a married individual living with his or her

spouse references in this Order to an individual shall be construed

as references to the responsible spouse and references to the

income of an individual shall be construed as references to the

income of both spouses.

When a person to whom this Order applies is eligible to

make an election for a separate computation under article 50 of the

Income Tax Act, that person shall be exempt, with respect to the

year of assessment 1999, from the requirement to make that

election in writing and shall be deemed to have taken the more

advantageous option under that article according to his particular

circumstances.

INCOME TAX RETURN (EXEMPTION)

Any income which a person to whom this Order applies

would have been required to declare in a tax return were it not for

this Order shall form part of his total income.

Nothing in this Order shall be construed as affecting the

tax chargeable on the total income of any individual to whom this

Order applies or his obligation to keep records or to furnish returns,

documents or information under any provision of the Income Tax

Acts other than the provisions of articles 10 and 11 of the Income

Tax Management Act.

INCOME TAX RETURN (EXEMPTION)

SCHEDULE Amended by: L.N. 425 of 2007.