S.L. 123.141 Art. 6Claw back of benefits.

(1) The option available under article 56(21) of the Act shall apply for:

(a) a consecutive period of up to four (4) years commencing from the year immediately preceding the year of assessment in which the individual is first liable to tax under the provisions of the Act;

(b) by application, to any additional periods of up to five (5) consecutive years.

(2) Subject to the continued adherence to these rules the rights acquired shall continue to apply if the individual enters into a new contract of employment which is also considered to be an eligible office and there is no more than thirty (30) days between the termination of one contract of employment and the commencement of the other contract of employment.

(3) Rights acquired under these rules shall be deemed to have been withdrawn with immediate effect if the grant of benefits under these rules and the beneficiary’s stay in Malta are not in the public interest.

(4) Rights acquired under these rules shall be withdrawn if a beneficiary directly or indirectly acquires immovable property situated in Malta or any real rights thereon.

7. Deleted by Legal Notice 282 of 2019.