The MTCA and the MGA are set to inform regulators in the gaming sector of upcoming enhancements to the Value-Added Tax (VAT) and gaming tax frameworks.
The reforms were published via legal notices recently and outline a simplified and more predictable tax structure for operators.
This comes as part of the Government of Malta’s commitment to improve long-term sustainability and regulatory certainty in the archipelago that will edge out competition.
Further specifics of the enhancements are set to come and will clarify the details, sports betting, certain casino offerings and guidance on the place of supply rules apply for such offerings.
Certain details involving the enhancements include simplified and equitable gaming tax rates for both land-based and online operators when offering gaming activities to players in Malta. There is also the consolidation of the gaming tax and device levy into one cohesive gaming tax structure.
Delimitation of such services will lead to a natural right of recovery of eligible VAT costs, providing a fairer and more stable mechanism for the protection of the neutrality of VAT for gaming operators.
Sky Bet relocated its Headquarters to Malta last year aiming to save on its tax bill. The move could mean an unprecedented growth in Malta’s already thriving igaming ecosystem.
Malta was the first EU member state to introduce laws to regulate online gaming
