S.L. 123.218 Art. 3Qualifying contracts and eligible offices. 3

(1) Income from a qualifying contract of employment that qualifies for the purposes of these rules when it is received by a beneficiary and consists in income subject to tax in accordance with article 4(1)(b) of the Act, excluding the annual value of any fringe benefits, of a minimum of sixty-five thousand euro (€65,000) and consists of emoluments from an eligible office:

Provided that the said minimum of sixty-five thousand euro (€65,000) shall be adjusted by an increase of ten thousand euro (€10,000) every five (5) years with effect from the year subsequent to the year in which these rules come into force..

(2) A qualifying contract of employment shall be considered to be such if the employment activity contemplated in the contract of employment is an eligible office.

(3) The employments and offices which are eligible for the reduced rate of tax are listed in the Schedule.