ARTICLE
17 February 2014

New Amendment To The Highly Qualified Persons Rules - Aerodrome CEO Licence Included

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GVZH Advocates

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GVZH Advocates is a modern, sophisticated legal practice composed of top-tier professionals and rooted in decades of experience in the Maltese legal landscape. Built on the values of acumen, integrity and clarity, the firm is dedicated to providing the highest levels of customer satisfaction, making sure that legal solutions are soundly structured, rigorously tested, and meticulously implemented.
Legal Notice 16 of 2014, has brought into effect amendments to the Highly Qualified Persons Rules, applicable retrospectively from year of assessment 2013.
Malta Employment and HR

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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