.jpg)
As previously announced in this website, one of the tax measures annouced in the Malta 2010 Budget (subsequently enacted by means of Act 1 of 2010 (Budget Measures Implementation Act) published of the 16th April 2010) consists in an exemption from Maltese tax with respect to royalty income derived from patents linked to eligible inventions. The scope and extent of this exemption are now regulated by subsidiary legsilation (Legal Notice 429 of 2010) - these provide that the tax exemption applies to income from royalties and similar income derived from patents in respect of inventions whether in the course of a trade, business, profession or vocation or otherwise and that the exemption is applicable for income generated as from 1 January 2010.
Details of the patent or IP must be submitted to Malta Enterprise who will determine whether a patent or related IP meets the prescribed conditions and consequently, whether it is eligible for such exemption.
The exemption extends to dividends paid by the company deriving the royalties up to the level of the individual shareholder.
For further information please contact This e-mail address is being protected from spambots. You need JavaScript enabled to view it or This e-mail address is being protected from spambots. You need JavaScript enabled to view it .