Bookkeeping Regulations and Obligations in Malta. starts here. 2% in August 2021, compared to 3. iGaming Tax and Licence Fees in Malta; Malta iGaming Licence Types; Key Function Services; International Gaming Jurisdictions; Co-location Services and Hosting Services;. A Legal Notice (L. Since then CSB Group has offered a plethora of services, including Corporate & Trust, Accounting & Tax, and Immigration & Relocation. T: +356 2557 2557. The influx of foreigners looking to work, live and looking into investing in Malta created more demand for luxury properties and this sector continues to grow. com. Malta and iGaming at a Glance Located in the centre of the Mediterranean, between Europe and North Africa, Malta is the European Union’s smallest member state. The Malta Retirement Programme Rules. Aside from an attractive tax regiment, Malta has fostered a strong iGaming ecosystem, with a significant pool of talent in a highly concentrated area. MALTA (October 26, 2023) — Malta has emerged as a significant player in the iGaming sector since 2004, thanks to its innovative gaming framework. Malta. Ordinary Residence under Employment or Self-Employment. Contact Us. iGaming Services. VC (VacancyCentre), a leading boutique well-established recruitment agency in Malta. CSB Group wins the 2023 SiGMA Europe Award for Corporate Services Provider of the Year. 0%. Companies incorporated in Malta are required by the Maltese Companies Act, 1995 to keep proper accounting records, which should reflect the true and fair position of the companies’ affairs, its financial performance and cash flows. CSB Group’s team of professionals have reviewed the budget and highlighted the main points mentioned. On Tuesday 14th December 2021 the Maltese Parliament approved the Cannabis bill. Accounting in iGaming. Malta, the island of choice for iGaming. October 12, 2021. 6% in 2019 and is expected to stabilise at 4. Little Malta, population 440,000, is no exception. T: +356 2557 2557. €1,019m. 4% to 1. Back in March 2021, the use of Cash (Restriction) Regulations (Subsidiary Legislation 373. Malta is a hub for iGaming, fintech, finserv, IT, eCommerce, crypto, blockchain, and more; Malta is a safe and stable country with low crime rates; The business environment is welcoming and flexible; Regulators are approachable and fair; There is a vast network of double taxation treaties; Malta implements a full tax imputation system on. Malta launched its iGaming license in 2002, and since then, it has grown to become one of the world’s leading iGaming jurisdictions, home to some of the biggest names in the business. starts here. Whether an iGaming operator wants to start from a small temporary office or a fully-fledged headquarters located in one of the most-sought after business areas, Malta has got the solutions. com. Smarter business. Malta offers a highly attractive tax system for iGaming companies. This highest rate is currently set at 35%. Income tax in Malta is among the lowest in Europe. Smarter business. Malta's income tax ranges from 0% to 35%. The Korea-Trade Investment Promotion Agency (KOTRA) will be setting up an office in Malta. In this article, we will. The regulatory framework for iGaming business in Malta has established a number of incentives and advantages. Although the reference given to this official charge is a ‘tax’ it is different and separate from the income tax on profits due by the operator/gaming company payable to the Maltese income tax authorities. At the outset it would be pertinent to point out that where gaming services are being offered to. Malta Gaming Companies | 752 followers on LinkedIn. Backed with years of experience in company incorporation, tax advisory and regulatory and compliance, our team can give complete solutions to anyone. Cryptocurrency Regulations & Services in Malta. F: +356 2557 2558. We are committed to giving our clients. Tax return is to be electronically submitted by 28 November following the end of the. Such posting shall be done according to the required terms and conditions and procedures. March 20, 2019. Malta’s iGaming sector generated over €1. See more. MEDIA ROOM. Class 2: 0. CSB Group offers tailor-made accounting. F: +356 2557 2558. F: +356 2557 2558. To encourage and welcome iGaming firms, Malta offers reduced rates of income tax for employees of remote gaming companies. Both B2C and B2B licensees are required to pay a non-refundable fixed annual license fee to the MGA. info@csbgroup. Our Accounting and Tax Advisors can effectively guide TBEs on VAT MOSS scheme to reduce your administrative burden and costs. It is advised to book your place at your earliest convenience to avoid disappointment. Malta's own Gaming Authority has managed to evolve and respond to market needs to provide a regulatory legal framework. CSB Group assists clients establish their remote gaming business in other jurisdictions, apart from Malta. A Gaming Tax is due to the MGA every month. The Malta. Furthermore, governments are also interested in reducing the fight against tax evasion through. Anjouan's attractive tax environment further sweetens the deal for iGaming entrepreneurs. 20,344. Unemployment stood at 3. The corporate tax regime which is keeping a lot of the igaming companies & other foreign companies in Malta is set to finish in 2024 (or 2023?). B2B clients are exempt from gaming tax. The provision of any facilities for the placing of bets and wagers, including the services of book makers, betting exchanges and any. A Tax Residence Programme for EU, EEA or Swiss nationals. T: +356 2557 2557. COVID-19: Changes in the Expatriates Unit of Identity Malta. Despite the prolonged pandemic, Malta’s economy fared relatively well during the past year. Sharon is responsible for the overall Marketing Strategy of CSB Group as a brand as well as for the execution and overseeing of the various marketing initiatives. Contact Us. A one-bedroom apartment in the central areas (Valletta, Sliema, St Julians) will cost on average €833. Initial Coin Offerings (ICOs) is a method where a company looking to raise capital can sell cryptocurrency to investors in the form of tokens. Furthermore, the shareable earnings are held in a trust established under the Laws of Malta and are periodically disbursed to the beneficiaries. In addition to. A gaming company is subject to one of the following tax models; Corporate Tax – 35% tax rate on the profits is charged to the company. E: [email protected] International Tax Law, Coursera, Certificate earned on September 28, 201694. However, while gambling is popular with. Business plan. The novelty about this bill is that the first method of reconciliation which. E: info@csbgroup. The provision of any facilities for the placing of bets and wagers, including the services of book makers, betting exchanges. The Residence Programme (TRP) Rules were. Factoring in the employment generated by activities in or associated with the gaming industry, the total employment in the gaming sector in Malta at the end of 2022 is estimated to be 15,774, representing approximately 5. com. +356 2343 2000. General obligation to main effective arrangements, systems and procedures in place and. 2 days ago · Top iGaming Trends 2024. Malta offers a highly attractive tax system for iGaming companies. iGB Live 2023 is a conference and exhibition that focuses on various aspects of iGaming, such as player acquisition, dedicated payments, sports. E: [email protected] has evolved so much in every continent this last few decades and the return of investment is 9 (Nine) times as much as the stock market. Renting. Incentives for iGaming, Financial Services, Innovation, Digital. Smarter business. €14,501 – €19,500 at 25% with a €2,815 subtraction. The Early Days of iGaming in Malta. 5. Cyprus which is a traditionally business hub with a strong presence of regulated forex operators with Cyprus companies law offering very attractive tax regime and at some cases zero withholding tax on. B2C Type 1 Gaming Services - Minimum* €15,000; Maximum€ 375,000. A person can be a resident of Malta without being ordinarily resident, however, ordinary residence requires more than mere residence. Get expert advice from our iGaming team. Effective as at 1st January 2021, the Merchant Shipping Directorate published the new Commercial Yacht Code 2020 (the “CYC 2020”) revising and improving on the provisions of the previous Commercial Yacht Code 2015 (the “CYC 2015”). 134 to the Maltese Income Tax Act, a special tax status has been issued for retirees of all nationalities alike, including third-country nationals, except Maltese, when remitting their pension into Malta. MEDIA ROOM. Should you have any questions, please do not hesitate to get in touch with us on gaming@csbgroup. This legal notice amended the VAT exemption in such a field by giving a wider scope to the VAT exemption. Gaming License Types in Malta – Detailed Guide. The innovative and robust gaming framework that began in 2004 has made Malta the hub of the iGaming sector. Initial Coin Offering in Malta. The Legal Notice entitled ‘Gaming Tax Regulations’ of 2018 stipulates all. Rent. December 23, 2016. 6 October 2023. Any person in possession of a licence issued by the MGA shall pay the Authority the appropriate non-refundable fixed annual licence fee. For the Business Risk Assessment, a tailor-made evaluation of all relevant business risk areas faced. Specifically on article 16 of such regulation which focuses on the prevention and detection of market abuse. At 15 my entrepreneurial journey kicked off. The EU’s fourth Anti-Money Laundering Directive, which needs to be transposed into Maltese national law by the 26th of June 2017, upgrades existing regulations to combat money laundering and counter terrorist financing. Our IT assurance practices will ensure that you. Laws, regulations and guidance related to gaming in Malta. 8 per cent of total household consumption expenditure. Malta, the island of choice for iGaming. Malta tax rates are very affordable. B2C operators are charged 5% gaming tax on the gross revenue generated from Malta-based players. The major requirement for the online gambling types listed below is a that they must have a license issued by the Malta Gaming Authority (MGA). Gaming is an umbrella term that encompasses land based and remote based gambling, daily fantasy sports, esports, video games and other skill based betting. +356 22030000. Both B2C and B2B licensees are required to pay a non-refundable fixed annual license fee to the MGA. The tax on online gaming is extremely moderate. Regus – Co-Working, Serviced Offices & Meeting Rooms. And in the process, it has provoked the ire–even jealousy–of fellow EU members. These Regulations were introduced with the primary aim being to restrict the use of cash for certain payments and transactions in. N. 04) (the “Regulations”) came into force on the 9th of March 2021 by virtue of Legal Notice 81 of 2021. With major sports betting and online casinos operating in the country,and a national passion for games of chance, iGaming continues to thrive in the UK. Invest in property worth €320,000 or €270,000 if in the South or Gozo. The end result will be that VAT would only be charged on the. Smarter business. When compared to a lot of other jurisdictions within the EU, Malta has favourable tax rates, which makes it ideal for iGaming companies. There is a de minimis value threshold of €1,160, such that goods below this value fall. Standard procedure: If applying after 36 months, a contribution of €650,000 for the Main Applicant and €50,000 is added for each additional dependent; 2. Maltese citizens were estimated to have spent around €125 million in gaming services during 2015, which is around 2. iGaming will leave Malt for 5 reasons: the tax reason you have already pointed out. If you choose several iGaming services, you’ll need to submit an extended application. In cases where a vessel does not qualify, income tax can be as little as 5% through Malta’s full tax imputation system. F: +356 2557 2558. 00%. Late in January 2021, the Malta Financial Services Authority published amendments to the Conduct of Business Rulebook (the “Rulebook”) targeting the securities sector. Contact Us. The iGaming business in Malta is an industry that has firmly established itself as a credible and viable option for setting up iGaming business operations. On 18 th November 2022 Malta has published Legal Notice 284 of 2022 hereby implementing Transfer Pricing Rules in to legislation. We know our customers rely on quality and delivery for their business, and we strive to ensure we give them the best possible service in Malta. com. The registration of trademarks in Malta is regulated by the Trademarks Act, Chapter 597 of the Laws of Malta (the “Act”), and all subsidiary legislation thereunder. E: info@csbgroup. E: info@csbgroup. Malta’s Public Consultation. Malta Online Gaming Licence Application; iGaming Tax and Licence Fees in Malta; Malta iGaming Licence Types; Key Function Services; International Gaming Jurisdictions; Co-location Services and. Malta’s opposition to the definition of ‘illegal sports betting’ is slowing down the likelihood of ratification of this convention by the EU as one entire bloc. CSB Group’s maritime practice enjoys wide professional recognition, placing us amongst the leaders in Maltese ship registration and finance transactions in Malta. COVID-19: Changes in the Expatriates Unit of Identity Malta. ACT No. The Malta corporate tax rate is a flat rate of 35%. There is no gaming tax (unless the customer comes from Malta – you will need to pay a 5% tax on earnings from Maltese customers). CSB Group can help you obtain your Malta Remote Gaming Licence. Advantages of the use of Malta Trusts in Employment. In addition to the Compliance Contribution, Gaming Tax is also due in terms of the Gaming Tax Regulations at the rate of 5%. “These indirect activities include Full. We provide a comprehensive package of legal and advisory services pertaining to all aspects of shipping, including purchasing and leasing of yachts. Enterprises offering gaming services are also obliged to pay an extra fee of 5% of the income. An efficient license process at moderate cost; 3. Enquire. Several factors are taken into consideration when determining the amount of the compensation due by the contravening party. Enquire. 20,344. Enquire. Malta’s progressive gaming legislation, introduced in 2004, prompted major gaming industries like Bet 365, Betsson, Betclic, and Leovegas, among many others, to establish company bases on the island. In this case, the process is seeking to help a consumer solve a dispute s/he. These include the United Kingdom and Isle of Man. Malta is one of the most advanced and respected online gaming jurisdictions in the world, as well as having the most licensed operators. starts here. By virtue of Legal Notice 56 of 2017, the Legislator has issued Consumer Alternative Dispute Resolution. The iGaming industry in Malta began in the early 2000s, when the government recognized the potential of the sector and began actively promoting the country as a hub for iGaming companies. . This year’s event occurs between 14 to 18 November at the MFCC in Ta’Qali. The term "Malta Ordinary Residency" refers to the status granted to individuals who are nationals of the EU/EEA/Switzerland who meet the criteria set by the Maltese government to establish their residence in Malta for an extended period. Malta has become the destination of choice for a large majority of serious iGaming operators looking for a stable economy, advantageous tax rates and a skilled workforce. World Health Organisation (WHO) has declared the COVID-19 outbreak as a pandemic and consequently a lot of jurisdictions are taking the necessary precautions to limit the contagion. Renting a property will account for a large part of your living expenses. An efficient license process at moderate cost; 3. 5 million members. The corporate tax rate is 35%, which is competitive compared to other EU countries. Mazars in Malta is a leading audit, accounting, tax and advisory firm. The quality and experience that trained candidates can bring to a business is critical to a successful operation. This applies to Malta-based players as per referenced from his permanent address. 1 day ago · GZIRA, Malta, 24 de novembro de 2023 /PRNewswire/ -- Os jogadores gravitam em torno de um senso mais profundo de comunidade promovido pela competição,. Expat Tax Rates in Malta. A thriving Industry. Redundant. 5 per cent of the total workforce, the MGA noted while again citing NSO figures. Additionally, the analysis claims state tax revenue from online casino is already approaching two times that of sports betting. EducationHaving read her Law degree at the University of Malta, she was conferred a Bachelor of Laws degree in 2016 and a Master of Advocacy degree in 2017. The Crypto Exchange (VFA Exchange) The establishment of a Crypto Exchange, will require a Class 4 VFAA licence. Primarily, the favourable tax regime which the Maltese legislator sets out, places Malta as an ideal candidate for such kinds of trusts. Tax return is to be electronically submitted by 28 November following the end of the company’s financial year. ICE London has become a must for CSB Group and its iGaming unit. T: +356 2557 2557. The iGaming industry in Malta has grown from strength to strength becoming a globally renowned powerhouse. MEDIA ROOM. The maximum rate for individuals and the corporate rate are 35% — but in fact, the rate becomes much lower thanks to deductions and refunds. He. This Act is commonly referred to as ‘The Company Service Providers Act, 2013’ and. Combined with. In order to provide a gaming service or a critical gaming supply from Malta or to any person in Malta, or through a Maltese legal entity one needs to be in possession of the relevant. Invest in property worth €320,000 or €270,000 if in the South or Gozo. 50%. iGaming Tax and Licence Fees in Malta; Malta iGaming Licence Types; Key Function Services; International Gaming Jurisdictions; Co-location Services and Hosting Services; Accounting Services. Income tax. Malta has become the destination of choice for a large majority of serious iGaming operators looking for a stable economy, advantageous tax rates and a skilled workforce. F: +356 2557 2558. This taxation scheme was mainly devised to attract to Malta individuals working within knowledge-based industries such as iGaming, engineering, technology and product development in order to address the skills gap present in Malta’s labour market. Set up in 2021, iGaming Ontario sets out to work with operators, helping them to deliver responsible online gambling services in a regulated market that offers. In my experience, design jobs are not so easy to come by in iGaming. We have the pleasure to announce that CSB Group Director Roger A. CSB Group is a Malta based corporate service provider with expertise in corporate tax structuring, financial services, Malta company formation and company services, back-office services, professional investor funds, corporate law firm and fiduciary, corporate services and general administration to businesses and private clients worldwide. In addition, Malta offers a number of incentives for gaming companies, including tax refunds, tax credits, and reduced rates for highly skilled employees. Malta’s own Gaming Authority has managed to evolve and respond to market needs to provide a regulatory legal framework. LXVI of 2021 established Chapter 628 of the Laws of Malta (Authority on the Responsible Use of Cannabis Act) and amended. CSB Group has more than 35 years of experience and the expertise needed to help you with all your immigration service needs. The MFSA has issued a CSP Rulebook for consultation, building on from the feedback obtained in a previous consultation period. Currently, Classes 1 & 2 require a €100,000 minimum while classes 3 & 4 require a minimum of €40,000. Following the President’s sign off on such bill, on the 18th of December 2021, ACT No. As a leading Corporate Service Provider in Malta, CSB Group is able to provide expert advice and assistance on what Malta has to offer in relation to the Fintech Industry. As trusted Malta tax advisors, we may. F: +356 2557 2558. 5% (100 % maximum) 2016 - 2016. John Tabone. An HQP applicant will have to submit a prescribed form (endorsed by the relevant authority) to the local. Malta has one of the most attractive EU-wide recognized tax refund system. Such licence will allow the holder to operate a VFA Exchange and to hold or control clients’ money, virtual financial assets and/or private cryptographic keys as well as to provide custodian or nominee services solely in relation. Of these, there are four license types: Class 1: Casino Style Games, Lotteries and Slots – 49%. In its pursuit to attract talent to Malta and to accommodate foreign companies which need to bring in human resources from abroad, the Maltese legislator has introduced a number of attractive employment incentives which cover tax incentives, soft loans, investment allowances, training assistance and more, as well as flexibility in activities. An HQP applicant will have to submit a prescribed form (endorsed by the relevant authority) to the local. Malta Individual Investor Program (MIIP) – an investment with invaluable returns. 9% over the. MEDIA ROOM. T: +356 2557 2557. com. 2. May 17, 2021. Reduced VAT Rate on the Hiring of Pleasure Yachts CSB Group to attend EuraAudit’s 32nd Annual Convention. Licensee Hub Applications Compliance Enforcement Register Licensee Register Recognition Notice. Malta allows a flat rate of tax of 15% for highly qualified professionals working in the online gambling sector who satisfy a number of requirements specified in the relevant legal notice. On the 29th July 2013, guidelines were issued by the VAT Department in respect of the Malta VAT treatment of short-term yacht charters commencing in Malta. Blockchain Solutions for Malta's Taxation System - you must be dreaming! The greatest headache or dilemma for any government is whether the treasury is collecting the right amount of taxes from its people in a fair and effective manner. MEDIA ROOM. by iGamingCapital. Malta’s advantageous tax regime is a pillar to Malta’s strong economy. September 14, 2022. The fall of Malta’s B2C licence has not only affected. To get an MGA license you have to have an office in Malta. The New Commercial Yacht Code 2020. Above all, it has to be genuine, explicit, authentic, done voluntarily and preferably in writing. As for the iGaming tax in Malta, it depends. Get expert advice from our iGaming team. As stated in the Malta Financial Services Authority’s (MFSA) Newsletter of November 2015, Directive 2013/34/EU of the European Parliament and of the Council was published in the EU Official Journal on the 29th June 2013, which also repealed the fourth and seventh accounting directives dealing with the preparation of separate and. Malta is one of the most advanced and respected online gaming jurisdictions in the world, as well as having the most licensed operators. This is the official organization that issues licenses authorizing gambling companies, like. Late submissions will result in a monthly administrative penalty equal to the higher of €20 and 1% of the VAT amount. 4 million, bringing the state’s tax share of iGaming and sports betting to $92. com. Factoring in the employment generated by activities in or associated with the gaming industry, the total employment in the gaming sector in Malta at the end of 2022 is estimated to be 15,774, representing approximately 5. T: +356 2557 2557. MEDIA ROOM. Contact Us. Furthermore, the regional market is expected to double in size by 2026 and generate €441m in revenue. Contact Us. There is no property tax, inheritance tax or gift tax. As from 1st January 2015, Maltese VAT-registered persons required to charge VAT on their supplies within the EU have a right to recover input VAT even though their services are generally classified as ‘exempt without credit’ in Malta. Extension of some deadlines for submissions to the Malta Financial Services Authority (MFSA) falling due by March or April 2020. €12,000 per year or €10,000 if in the South or Gozo. 75%. Subsidiary Legislation. Enquire. The Group’s areas of specialisation include the iGaming industry, Financial & Payment Services, Yacht Registration, and General Trading. Payment of compliance contribution and gaming tax owed to the Malta Gaming Authority for revenue generated from activities classified as Type 2 in terms of the. Education and events. It is hard to lose a Maltese tax domicile and likewise, it is difficult for a foreign non-domiciled person to acquire a Malta Tax Domicile. XX of 2013, published in Malta on the 24 th of December 2013 was purposely enacted to make provision with respect to Company Service Providers, to provide for matters ancillary or incidental thereto, and to amend various Financial Services Laws. There are 4 Types of Gaming Licence in Malta under the Remote Gaming Regulations 2004. The Maltese government has established a regulatory framework that encourages online gaming companies to establish operations. In this case, the annual tax fee is €10,000. December 21, 2022. As of June 2020, 303 companies held online gaming licences on the territory. With a corporate tax rate of only five per cent, the island has attracted a host of multinationals and gaming firms, among them Betsson, Tipico, Betfair, Kindred, Flutter, PokerStars, bet365, Evolution and Gamesys. The Malta Budget for 2022 focuses on a number of measures targeted at supporting economic growth in a post-pandemic environment, as well as environmental and sustainability measures. By virtue of Legal Notice 56 of 2017, the Legislator has issued Consumer Alternative Dispute Resolution. Alternative dispute resolution (ADR) refers to a variety of processes that help parties resolve disputes without resorting to Court. For more information about Malta pension and retirement schemes, kindly direct your request to info@csbgroup. Globally the iGaming industry is worth more than. The registered office of the SE must be the place where it has its central administration. July 3, 2020. T: +356 2557 2557. The steps for a successful start-up gaming company include: Application for an iGaming license to be issued by The Malta Gaming Authority. A number of amendments have been effected to the Malta Residency and Visa Programme (Malta Golden Visa) Regulations (Subsidiary Legislation 217. MYBA, the Worldwide Yachting Association, have released the 2016 amendments to the MYBA Charter Agreement, which has attracted the attention of many within the shipping industry. On an annual basis, from the very first year of the economic activity, the individual will be required to submit a tax return and pay tax on his/her profits. Module 2: Design of corporate tax law systems. On the 28 th January 2017, the Maltese Government launched a public consultation process on an initiative for granting Maltese citizenship based on merit. Descubra las principales tendencias de iGaming 2024 en la investigación en profundidad de SOFTSWISS. mt. iGaming Tax and Licence Fees in Malta; Malta iGaming Licence Types; Key Function Services; International Gaming Jurisdictions; Co-location Services and Hosting Services. Bookkeeping Regulations and Obligations in Malta. the online gambling operators in Malta employ over 2500 people and has brought in. We will delve into the regulatory framework governing the iGaming industry in Malta. The Igaming - online gambling industry in Malta is very big and attracts many companies to the Island. May 13, 2021. Specifically on article 16 of such regulation which focuses on the prevention and detection of market abuse. In the audit carried out by the NAO, it resulted that financial statements presented by gaming operators did not contain the sufficient information with regards to players. iGaming Tax and Licence Fees in Malta; Malta iGaming Licence Types; Key Function Services; International Gaming Jurisdictions; Co-location Services and Hosting Services;Private Exempt Companies. part time, police extra duties, share options. 4m. Its amount depends on the type of gambling activities that you will offer on your website. CSB Group wins the 2023 SiGMA Europe Award for Corporate Services Provider of the Year. The nation’s bet to be at the forefront of the budding industry in the early 2000s paid off, with the country becoming a top choice for operators looking to get licensed. This is imposed on their Gross Gaming Revenue generated. For every euro of the next €10,000,000. CSB Group’s iGaming Legal team will be delivering Key. Timothy joined the cross-border tax team at Deloitte Malta in July 2013 as a summer intern where he began to develop his interest in international taxation while completing his studies at the Universi. Estimated 5% increase in salaries from 2019. Player Hub Licensee Register Lodge a Complaint Safer Gambling Self-Barring Unauthorised URLs. CSB Group has more than 35 years of experience and the expertise needed to help you with all your tax service needs. MEDIA ROOM. Malta, the island of choice for iGaming. Smarter business. Any excess on the said sum is exempt from tax. CSB Group assists clients establish their remote gaming business in other jurisdictions, apart from Malta. Since becoming a member of the European Union it was necessary for Malta to find its competitive niche for conducting business among the international community. a showcase of the iGaming industry in Malta. Contact Us. One of the key advantages of the Maltese company income tax system is the full imputation system that applies to the taxation of dividends. The first online gaming company to set up shop in Malta was Betsson, in 2004. The maximum rate for individuals and the corporate rate are 35% — but in fact, the rate becomes much lower thanks to deductions and refunds. iGaming Malta refers to the Malta-based online gaming industry. will be attending iGB Live! 2023, taking place between the 11th to 14th July 2023 at the RAI, Amsterdam. E: info@csbgroup. A state-of-the-art telecommunications infrastructure; 2. There's also a compliance contribution, whose amount – again - depends on the license type. The main contribution to this revenue was sponsorships (47%) and media rights (30%). Obviously, the low tax rate is a big extra bonus, but the primary reason is the license itself. I have checked the Malta Gaming Authority (MGA) website. The island’s favorable regulatory framework, supported by collaboration between the government and industry stakeholders, has played a pivotal role in the industry’s success. The number of Superyachts over 24m in length flying the Malta flag has increased from the previous year by 6. We provide a comprehensive package of legal and advisory services pertaining to all aspects of shipping, including purchasing and leasing of yachts. iGAMING SERVICES. 5% tax if the gaming yield is between $20 and $40 million. Capital goods are defined as: “all tangible fixed assets, which can be used on a long term basis as working tools or other means used for the carrying on of an economic activity. iGaming Tax and Licence Fees in Malta.