S.L. 123.142 Art. 2Interpretation. Cap. 123. Cap. 463. Cap. 463.

In these rules, unless the context otherwise requires: "the Act" means the Income Tax Act; "artificial arrangement" shall include an arrangement in terms of which a beneficiary receives any benefit or payment, in whatever form, from a person of which the beneficiary holds more than 25% of the shares and with whom the beneficiary is employed at any time during the year, and such beneficiary does not declare for tax purposes such benefit or payment in Malta or is not liable to tax on such income in Malta; "Commissioner" means the Commissioner of Revenue;

"Corporation" means the Malta Enterprise Corporation established in terms of the Malta Enterprise Act;

"eligible person" means an individual who is established in a field of excellence and returns as an ordinary resident in Malta provided that he had been ordinarily resident in Malta for at least twenty years but has not been ordinarily resident in Malta for the ten consecutive years prior to his return to Malta;

"field of excellence" means an area of professional competence in which an eligible person has excelled and which area is relevant for the manufacturing and research and development sectors, as may be defined in Guidelines which may be issued by Malta Enterprise Corporation in terms of the Malta Enterprise Act;

"qualifying contract of employment" means the employment of an eligible person in a field of excellence in such sector/s as may be defined in the Guidelines; "rights acquired under this law" means the right to elect to pay tax at the reduced rate of tax contemplated in article 56(21) of the Act and these rules.