Qualifying employment in aviation

By means of Legal Notice 104 of 2022, the Government of Malta has made changes to the above-mentioned rules which grant a reduced rate of income tax of 15% on income derived from a qualifying contract of employment by a beneficiary as defined in the said rules. The option to be axed at the reduced rate of tax applies for a consecutive period of 5 years commencing from the first year of assessment in which the beneficiary is first liable to tax in Malta. This was subject to a one time extension of five years which has now been extended to two extensions of five years each. Thus the eligibility under these rules has been extended to 15 years (previously 10 years).