Malta's Commissioner for Revenue has announced the publication of Legal Notice No. 229 of 2024 on 13 September 2024, which contains the Income Tax (Deductions) (Amendment) Rules 2024. The rules amend the Income Tax (Deductions) Rules with respect to deductions in respect of capital expenditure on intellectual property/intellectual property rights with effect from the year of assessment 2024. As previously reported, a full intellectual property expense deduction (accelerated amortization) was introduced a part of the Budget Measures Implementation Act 2024 from year of assessment 2024. The amendment rules establish a new definition of "qualifying income" for the purpose of the...