ACT No. XL of 1981 AN ACT further to amend the lncome Tax Act, 1948.

[ assent.

(L.S.)

ANTON BUTTIGIEG

25th September, 1981

ACT No. XL of 1981

AN ACT further to amend the lncome Tax Act, 1948.

BE IT ENACTED by the President, by and with the advice and

consent of the House of Representatives, in this present Parliament

assembled, and by the authority of the same, as follows:-

l. (I) This Act may be cited as the Income Tax (Amendment)

(N O. 2) Act, 1981. and shall be read and construed as o n e with the

Income Tax Act, 1948, hereinafter referred to as "the principal Act".

(2) The provisions of this Act shall come into force as from

the 1st day of January, 1983, in respect of the year of assessment com-

mencing on that date and of subsequent years of assessment.

Section 14A of the principal Act shall be amended as follows

(l) Dan l-Att jista' jissejjaħ l-Att ta' 1-1981 li jemenda l-Att

dwar it-Taxxa fuq l-Income (Emenda Nru. 2), u għandu jinqara u jif­

tiehem ħaġa waħda ma' l-Att ta' l-1948 dwar it-Taxxa fuq l-Income,

hawnhekk iżjed 'il quddiem imsejjaħ "l-Att prinċipali".

(2) Id-disposizzjonijiet ta' dan l-Att għandhom jibdew iseħħu

mill- l ta' Jannar, 1983, dwar is-sena ta' stima li tibda f'dik id-data u

dwar is-snin ta' stima ta' wara.

Amendment of

section 14A of

(a) in the proviso to subsection (4) thereof for the w o r d s "in

excess of four hundred and seventy-five pounds" there shall be

Act.

substituted the words "in ex cess of five hundred and thirty pounds";

and

(b) in sub-paragraph (iii) of paragraph (b) of s u b sec t i o n (5)

thereof for the words "in excess of four hundred and seventy-five

pounds" there shall be substituted the words "in excess of five

hundred and thirty pounds".

Section 22 of the principal Act shall be amended as follows

Amendment of

section 22 of

in subsection (1) thereof -

(a)

the principal

Act.

(i) in paragraph (a) thereof for the words "deduction

o f one thousand and seventy pounds" there shaU be substi­

tuted the words "deduction of one thousand two hundred

pounds"; and

(d) thereof there shall be substituted

(ii) for paragraph

the folIowing

(d)

(i) he has made insurance (inc1uding insurance

against death by accident) on his life Dr on the life of his wife

in any insurance company, Dr

(ii) he or his wife or both have made annual contri­

or

butions to a pension, saving, provident or any other

society or fund which may be approved by the Commis­

sioner upon such conditions as may be prescribed, or

(jiD he or his wife or both have made annual con­

tributions under the Self-Employed Persons Accident

Insurance Scheme,

there shall be allowed a deduction equal to the least of the

following three amounts -

(a) the annual amount of the premium paid for

such insurance and the annual amount of the contribu­

tions made as aforesaid;

one-sixth of the total income of such individ-

(b)

ual;

(c)

two hundred pounds

Provided that where the annual contributions made

as aforesaid inc1ude contributions made by such individual

or his wife, or by both, in accordance with the National In­

surance Act, 1956, or under the Se1f-Employed Persons Acci­

dent Insurance Scheme, the deduction allowed under this

paragraph shalI in no case be less than the aggregate amount

of the contributions made under the said Act and under the

Self-Employed Persons Accident Insurance Scheme;"; and

(b)

in subsection (2) thereof -

(i) for the words "deduction of six hundred and thirty­

five pounds" there shall be substituted the words "deduction of

seven hundred and ten pounds", and

(iD

for the words "not exceeding four hundred and

thirty-five pounds" in the proviso thereto there shall be substi­

tuted the words "not exceeding four hundred and ninety

pounds"; and

(c) in subsection (6) thereof for the words "deduction of four

hundred and seventy-five pounds" there shall be substituted the

words "deduction of five hundred and thirty pounds".

Section 25 of the principal Act shall be amended as follows

(a) for subsection ( l ) thereof there shall be

substituted the

following

(l)

Saving the other provisions of this section,

the tax upon the chargeable income of every person shall be

chargedat the fol1owing rates

�:�iv��uals

and certain

2e

For every pound of the first .f:200

. . .

For every pound of the next noo

5e

. . .

For every pound of the next n 00

7c

. . .

For every pound of the next .f:200

IOc

. . .

15c

For every pound of the next .f:3oo

. . .

For every pound of the next .f:500

20c

. . .

A

For every pound of the next 1:700 . .

25e

.

30e

For every pound of the next tl,500

For every pound of the next t700 ...

40e

For every pound of the next t700 ...

50e

For every pound of the next f2,000

60e

For every pound of the remainder . ..

65e";

for subsection (4) thereof there shall be substituted the

(b)

following

(4) Notwithstanding the provisions of subseetion

(l) of this section, the tax upon the chargeable income of any

individual who has been granted a residence permit under

section 7 of the Immigration Act, 1970, on or after the four­

teenth day of November, 1972, shall be charged at the fol­

lowing rates

For every pound of the first t200 ..

2e

.

For every pound of the next n 00 .. .

5e

For every pound of the next n 00 ..

7e

.

For every pound of the next f200 .. .

lOe

15c

For every pound of the next f300 .. .

For every pound of the next f500 .. .

20c

For every pound of the next f700 .. .

25e

30e

For every pound of the remainder ..

,

Provided that the minimum liability of any sueh

individual in respect of any year of assessment shall be one

thousand pounds.".

Passed by the House of Representatives at Sitting No. 540 of the 23rd September,

1981. CALCIDON AGIUS

Speaker

C. MIFSUD

Clerk to the House of Representatives

Kastilja

Ippubblikat mit-Taqsima tat-Tagtlrif - Kastilja

PlIblished

by the Information

Division

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f1-Istamperija

tal-Gvern

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Prinlcd at

the

Governmel!t Printing Pr".,.s

Plfezz 2c

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