The Malta Gaming Authority has notified its licensees and the general public with respect to the amendments effected to the Remote Gaming Regulations (S.L. 438.04) through Legal Notice 409 of 2017, thus bringing into force the Gaming Licence Fees Regulations. By virtue of these Regulations, a new fiscal structure shall become effective as from 1 January 2018. In the meantime, however, the Malta Gaming Authority has envisaged a transitory period whereby existing licensees shall continue paying in accordance with the current Remote Gaming Regulations up until the 30 June 2018. Consequently, and as from 1 July 2018, existing licensees shall start paying the newly enacted gaming licence fees under the new Regulations. A reconciliation will then take place in order for the difference between what was due for the first 6 months of the year 2018 and the rest of the year under the new regime to be calculated. Those licensees which would have paid more than what was due will then receive tax credits, whilst those licensees which would have paid less than what was due will pay the difference accrued by year end 2018.
27 December 2017 News