S.L. 123.87 Art. 2Definitions.

In these rules unless the context otherwise requires -

"the Act" means the Income Tax Act;

"allowable wages and tuition expenditure" has the meaning assigned to it in rule 6;

"the Corporation" means the Malta Enterprise Corporation; "general qualification" means a masters degree or a doctoral degree in an area that is largely transferable to other firms or fields of work in information technology, sciences or engineering, awarded on the successful completion of a course in a university or equivalent educational institution recognised by the Corporation; "maximum qualifying wages and tuition expenditure" means the amount determined in accordance with rule 5(1); "qualifying wages and tuition expenditure" means expenditure that is treated as such in terms of rule 4(2); "relevant qualification" means a general or a specific qualification, other than a qualification which falls within the meaning of "R&D relevant qualification"as defined in the Deductions and Tax Credits (Research and Development) Rules: Provided that any question that may arise in general or in any particular case as to whether a qualification falls or not within the meaning of "R&D relevant qualification" shall be decided by the Corporation in its absolute discretion; "small enterprise" and "medium-sized enterprise" have the meaning assigned to them under the provisions of the Business Promotion Regulations; "specific qualification" means an internationally recognised certificate in information technology, sciences or engineering, awarded by a university or other institution recognised by the Corporation to an employee of a company on the successful completion of a course which, in the opinion of the Corporation, directly contributes to high level specialisation in areas directly and principally applicable to that employee’s present and future position in the company as the Corporation may approve.

Part II Deduction and Tax Credit for Wages and Tuition Expenditure