[ S.L.372.15 INCOME TAX RETURN (EXEMPTION) 1 SUBSIDIARY LEGISLATION 372.15 INCOME TAX RETURN (EXEMPTION) ORDER 7th May, 1999 LEGAL NOTICE 75 of 1999, as amended by Legal Notice 425 of
- The title of this Order is the Income Tax Return (Exemption) Order. Title.
- The individuals to whom this Order applies shall, for the year of assessment 1999, be exempt from the provisions of articles 10 and 11 of the Income Tax Management Act, subject to the terms and conditions of this Order. Non-applicability of Income Tax Management Act. Cap.
- This Order applies to: (a) any individual resident in Malta whose income during 1998 (excluding any income which that individual has an option to disclose or not disclose in terms of any provision of the Income Tax Act) did not include any income falling under article 4
(1)(a) of the Income Tax Act and did not exceed the amount to which a nil rate of tax applies in terms of the relevant provisions of article 56
(1)of that Act; (b) any individual resident in Malta whose income during 1998 (excluding any income which that individual has an option to disclose or not disclose in terms of any provision of the Income Tax Act) consisted solely of income that was subject to deduction at source, including income subject to a nil rate of deduction, in terms of the Final Settlement System (FSS) Rules, and fully reported in a statement or statements of earnings prepared in accordance with the said Rules and held in his possession: Applicability of Order. Cap.
- Cap.
- S.L. 372.14 Provided that this Order shall not apply to any individual who does not furnish the Commissioner by not later than noon of the 15th June, 1999 with a signed declaration in the form set out in the Schedule.
- With respect to a married individual living with his or her spouse references in this Order to an individual shall be construed as references to the responsible spouse and references to the income of an individual shall be construed as references to the income of both spouses. Married individual living with his or her spouse.
- When a person to whom this Order applies is eligible to make an election for a separate computation under article 50 of the Income Tax Act, that person shall be exempt, with respect to the year of assessment 1999, from the requirement to make that election in writing and shall be deemed to have taken the more advantageous option under that article according to his particular circumstances. Separate computation. Cap.
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- Any income which a person to whom this Order applies would have been required to declare in a tax return were it not for this Order shall form part of his total income. Tax chargeable.
- Nothing in this Order shall be construed as affecting the tax chargeable on the total income of any individual to whom this Order applies or his obligation to keep records or to furnish returns, documents or information under any provision of the Income Tax Acts other than the provisions of articles 10 and 11 of the Income Tax Management Act. Cap.
- INCOME TAX RETURN (EXEMPTION) SCHEDULE [ S.L.372.15 Amended by: L.N. 425 of
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