Deductions in respect of intellectual property and intellectual property rights
29 December 2023
The Commissioner for Tax and Customs has announced that, with effect from the period covered by the year of assessment 2024, any expenditure of a capital nature incurred on Intellectual Property or Intellectual Property Rights may, at the option of the person that has incurred such expenditure, be deducted in full in terms of article 14(1)(m) of the Income Tax Act (Cap. 123 Laws of Malta) in the year that the said expenditure has been incurred or in the year in which the Intellectual Property or Intellectual Property Rights are first used or employed in producing the income.
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