Malta is a successful jurisdiction in the field of gaming and has witnessed remarkable growth. Since the Remote Gaming Regulations came into force in 2004, there has been an increase in the gaming providers who set up their operation in Malta, including some of the world’s leading operators. Since then, Malta became the first EU member state to regulate remote gaming.
Malta also offers attractive fiscal incentives including the availability of tax refunds based on Malta’s full imputation system and the availability of double tax treaties with various countries.
All Maltese operators of remote gaming in Malta must possess a valid license of the appropriate class. A Malta gaming license is valid for a period of five years and can be renewed for further five-year periods. An application fee and an annual fee is payable.
The Regulations state that gaming licensees are to pay a gaming tax depending on the type of gaming operations they carry out in Malta. Such gaming tax varies according to the type of license held by the operator as follows:
- Class 1: €4,660 per month for the first 6 months and €7,000 per month thereafter
- Class 2: 0.5% on the gross amount of bets accepted
- Class 3: 5% on the real income
- Class 4: Nil for the first six months, €2,330 per month for the next six months and €4,660 per month thereafter
- Class 1 under Class 4: €1,200 per month
Charles Scerri & Associates provides professional support services in matters relating to gaming business requirements. We also provide assistance in tax matters and consultation regarding compliance with Maltese regulations and requirements with the authorities.
It is emphasised that the above is intended only as general information and cannot substitute any professional advice on the matter in respect to particular situations.