#Malta : new super tax deduction on intellectual property income

Almost every year, Maltese income tax laws are amended to favour the taxpayer. 2024 is no exception. Prior to this year, it was already possible to tax deduct capital expenditure on intellectual property over a minimum period of just three years. As from 2024 onwards, it is now possible, subject to certain conditions, to deduct such expenditure over just one year, with any unutilised excess deductions carried forward indefinitely. ?And as with other tax benefits, this one year super tax deduction is optional for the taxpayer. Contact us to see if and how you can benefit.