By virtue of Legal Notice 393 of 2014, the forms to be completed by persons opting to declare any income derived from the rental of residential properties and pay tax thereon at the flat rate of 15% were published. The enactment of Act No. XXXVII of 2014 also introduced certain amendments to this regime – with additional provisions dealing with persons opting to declare any rental income from residential properties arising in the eight years preceding the basis year 2013 which was not declared. For further information kindly click here.