Legal Notice 16 of 2014, has brought into effect amendments to the Highly Qualified Persons Rules, applicable retrospectively from year of assessment 2013.
In 2010, the Rules introduced tax benefits available to senior employees of companies licensed or recognised by the Malta Financial Services Authority, the Lotteries and Gaming Authority or which hold an air operators' certificate issued in terms of Civil Aviation (Air Operators' Certificates) Act. Such senior employees may opt to pay tax at the flat rate of 15% on employment income derived from work or duties carried out in Malta. This Legal Notice has extended the eligibility by extending the competent authority to 'Civil Aviation (Air Operators' Certificates) or an aerodrome licence issued in terms of article 71 of the Air Navigation Order'.
To the list of eligible employments and offices in terms of the rules, employments with undertakings holding an aerodrome licence issued by the competent authority, consisting in employment as Chief Executive Officer, has been added.
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