S.L. 123.210 Art. 3Income tax liability.    S.L. 372.14.

(1) An eligible main applicant shall be chargeable to income tax at the rate of ten percent (10%) on his chargeable income derived from authorised work, subject to any relief of double taxation as provided in Part X of the Act.

(2) The income referred to in sub-rule (1) for any year of assessment shall be deemed to constitute the first part of the person’s total chargeable income for that year of assessment.

(3) Notwithstanding the foregoing provisions, an eligible main applicant shall not be liable to tax on income derived from authorised work before the end of twelve (12) months from:

(a) the date on which the nomad residence permit is issued, or

(b) the 1st January 2024, whichever is the later;

unless he files with Residency Malta Agency a written declaration that his residence in Malta, even during the said period of twelve (12) months, is not merely of a casual nature.

(4) Income of the eligible main applicant, other than income derived from authorised work, that is chargeable to tax in Malta in accordance with the Act, shall be governed by the applicable provisions of the Act.

(5) Any income which is chargeable to tax in Malta derived by any family member of the eligible main applicant who is authorized as such by Residency Malta Agency by being included in the nomad residence permit shall not be regulated by these rules, but shall continue to be governed exclusively by the provisions of the Act.

(6) Income earned by the eligible main applicant from authorised work in accordance with a contract of employment shall not be subject to the provisions of the Final Settlement System (FSS) Rules.

(7) If an eligible main applicant, for any reason, does not remain in possession of a nomad residence permit, but:

(a) is subsequently granted a new nomad residence permit within a period of two (2) years from when the said person ceases to hold the original nomad residence permit, he shall be entitled to benefit from the provisions of this rule, except for those of sub-rule (3); or

(b) is subsequently granted a new nomad residence permit after a period exceeding two (2) years from when the said person ceases to hold the original nomad residence permit, he shall be entitled to benefit from the provisions of this rule, including those of sub-rule (3).