Latest tax news from Malta

The Fenech Farrugia Fiott Legal newsletter, Malta 2012 Budget -- Tax Highlights", contains some good news for IP owners:

"Copyright & IP royalty exemption

The tax exemption on royalties from qualifying patents introduced in 2010 has been extended to cover royalty income from works protected by copyright and other IP including books, film scripts, music and art".

Anne Fairpo covered Malta's tax exemption for patent royalties on IP Finance in April 2010, here.