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ARTICLE · 09 FEBRUARY 2021

Highly Qualified Persons (HQP) Rules – The New Updated Position

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On 29 January 2021, the Minister for Finance published Legal Notice 29 of 2021 which introduced several amendments with retroactive effect from 31 December 2020 in relation to the benefits provided in the Highly Qualified Persons Rules.

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On 29 January 2021, the Minister for Finance published Legal Notice 29 of 2021 which introduced several amendments with retroactive effect from 31 December 2020 in relation to the benefits provided in the Highly Qualified Persons Rules, Subsidiary Legislation 123.126 (the 'HQP Rules').

What are the amendments?

Extension of the HQP Rules

The rules have been extended by another five years whereby no determination shall be issued by the competent authority after 31 December 2025 (as opposed to 31 December 2020).

Any such determination issued must refer to any employment in respect of which the benefit provided by these Rules commences by 31 December 2026 (as opposed to 31 December 2021) and ceases to apply by 31 December 2030 (as opposed to 31 December 2025).

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