Malta published Legal Notice 40 of 2023 in the Official Gazette on 21 February 2023, which contains the Group Deductions (Income Tax) (Amendment) Rules, 2023. This includes an amendment to the Group Deductions (Income Tax) Rules, 2022 (previous coverage), which provided an option for companies to surrender unutilized or unabsorbed capital allowances in 2020 and 2021 to other group companies in the year of assessment 2022, subject to a cap of EUR 1 million. The main amendment extends this op…