S.L. 463.40 Art. 4Qualifying activities.    Cap. 123.

A qualifying activity in terms of these regulations shall be an economic activity consisting of a trade or business the profits or gains from which are chargeable to tax pursuant to article 4(1)(a) of the Income Tax Act, carried on or intended to be carried out by an undertaking in Malta which consists solely of one or more qualifying activity as may be prescribed in the guidelines.