L.S. 123.159 Regoli dwar Tnaqqis għal Ħaddiema Maturi

(1)The title of these rules is the Deduction (Mature Workers) Rules. Citation and commencement.

(2)These rules shall come into force as from the year of assessment 2015, in respect of employees engaged on or after 1st January

2. In these rules, unless the context otherwise requires - "qualifying employee" shall refer to an individual whose age is between 45 and 65 years and whose name appears on the unemployment register (Parts 1 and 2) and has been on this register for at least the preceding 6 months, as established by Jobsplus; Definitions. Amended by: XXVII. 2016.
3. "qualifying person" means an employer who provides employment to a "qualifying employee", as approved by Jobsplus; "training" shall refer to a training programme attended outside the place of work or performed at the place of work but outsourced to third parties, after due monitoring and approval by Jobsplus. 3.

(1)Where a qualifying person provides employment to a qualifying employee in the year preceding the year of assessment, a deduction equivalent to €5,800 per annum shall be allowed against the chargeable income of the said qualifying person during the first two years of providing employment to the qualifying employee: Provided that, where the employee is not employed for a full year during the year of assessment, the deduction is allowable pro rata. The two years deduction commence on the first day of employment, and, provided the employee remains in the relative employment, the qualifying person will benefit from a deduction equivalent to €11,600 at the elapse of the said two years: Provided also that, to the extent that the deduction cannot be wholly set off against the income of the qualifying person for the year during which the deduction is entitled, it shall be carried forward and set off against the income of subsequent years in succession: Provided further that, where the qualifying person is an individual, to the extent that the deduction cannot be wholly set off against the income of the individual or of his spouse, where applicable, for the aforesaid year, it shall be carried forward and set off against the income for subsequent years in succession.

(2)The deduction shall only be allowed where the qualifying person does not benefit from any deduction, tax credit, or any other form of assistance in relation to the said employment by the Government or any Government entity. Employment deduction. 1 2 Training deduction. [ S.L.123.159 DEDUCTION (MATURE WORKERS) 4. Where a qualifying person provides employment to a qualifying employee in the year preceding the year of assessment, a deduction equivalent to 50% of the expense incurred in the training of the qualifying employee (up to a maximum of €400) shall be allowed against the chargeable income of the qualifying person.