8:00 - 19:00

Our Opening Hours Mon. - Fri.

+357 25 660 092

After Hours Call +357 99 345 000 Call Us For Free Consultation

Facebook

Twitter

LinkedIn

 

License and Taxation Fees of the Remote Gaming in Malta

Michalaki, Pitsillidou Law Firm > English Articles  > License and Taxation Fees of the Remote Gaming in Malta

License and Taxation Fees of the Remote Gaming in Malta

License and Taxation Fees of the Remote Gaming in Malta

The Malta Gaming Authority (MGA) is responsible for the governance of gaming in Malta and has developed policies for their remote gambling operations.Licensed by the legislative body (Malta Gaming Authority) may include reduced rates of income tax on personal income.

According to the Lotteries and Other Games Act (chapter 438) Part VIa Grant of National Lottery License from the Authority include the follow:

Application Fee for New License €2,330 Paid upon application for a remote gaming Licence
System Audit €1,770  Fee paid in advance for the execution of the audit by the Authority’s approved third party certifiers/auditors
Licence Fee €8,500 Per Annum per Licence
Application Fee for Renewal of Licence €1,500 Paid upon application for renewal of Licence
Approval Fee for Transfer or Assignment of Licence €1,500 Per Licence paid upon application for approval
Approval of Share Transfer € 1,500 Per Licensed Company paid upon application for approval
Approval of Simple Contractual Commercial Agreements €70 Per Annum per contract. Aggregate amount for approved contracts shall not exceed €30,000 Per Annum
Approval of Complex Joint Venture Agreements Administrative hourly fee which is predetermined and communicated prior to the commencement of approval process

The taxation is the following:

Class 1 Licence €4,660
€7,000
Per Month for the first 6 months
Per Month for the entire duration of the licence
 Class 1 Licence operating on a hosting platform in possession of a Class 4 Remote Gaming Licence (Class 1 on 4) €1,200 Per Month for the entire duration of the licence
 Class 2 Licence  0.5% Of the gross amount of bets accepted in remote betting operations
Class 2 Licence operating on a hosting platform in possession of a Class 4 Remote Gaming Licence (Class 2 on 4)  0.5% Of the gross amount of bets accepted in remote betting operations
 Class 3 Licence  5%  Of real income
 Class 3 Licence operating on a hosting platform in possession of a Class 4 Remote Gaming Licence (Class 3 on 4)  5%  Of real income
 Class 4 Licence hosting and managing other remote gaming operators Nil
€2,330
€4,660
For the first 6 months
Per Month for the subsequent 6 months
Per Month thereafter for the entire duration of the licence
 Class 4 licensee hosting and managing an operator which is not in possession of the relevant Class 1, 2 or 3 licence in terms of the regulations, however hosting an EEA licensed Business to Consumer operator €1,165 Per Month per operator, paid by the Class 4 Licensee
 Remote Gaming Tax Capping per licensee per remote gaming licence  €466,000  Per Annum

For more information and guidance get in touch with our lawyers or email iMPK Global Business Law Firm – Cyprus Lawyers, at info@impklawyers.com .Tel. +357 99345000 – Fax +357 25 660097

No Comments

Leave a Comment

Translate »
GET IN TOUCH