On 2 April 2024, Malta released the Budget Measures Implementation Act 2024 which includes a main income tax provision for deducting expenditures of a capital nature on intellectual property or intellectual property rights. This Act applies from the 2024 assessment year. Additionally, the Act specifies that expenditures of that nature can be deducted either in the year they were incurred or in the year the intellectual property or rights were initially used or enforced for income generation.
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