S.L. 233.11 Art. 3Regularization of position under the Income Tax Act. Cap. 123.

(1) Residents of Malta subject to tax in Malta who own eligible assets without declaring the relevant income for the purposes of the relevant laws, may regularise their position under the relevant laws, by registering such assets under the Scheme on the prescribed form as set out in the Schedule.

(2) Eligible assets may only be registered under the Scheme by the person who beneficially owns such assets on the applicable date or by the person from whom the eligible assets originated when on the said date these are held by a fiduciary, or by the heir or legatee of such person, provided that the same eligible assets may only be registered by one such person.