Cap. 123 ст. 22BElective Tax.

The Minister responsible for finance may make regulations for the charging and levying on an elective basis of a tax higher than that established in relation to the profits of Malta entities as defined in such regulations, and may, in particular, by such regulations, provide for:

(a) the scope, applicability and amount of such tax;

(b) manner in which the tax due under this article shall be calculated, paid and collected and the obligations in respect of the payment of such tax; and

(c) such other conditions and consequences in relation to the application of such tax.