The Government is committed to develop Malta further as an e-commerce centre, and is currently introducing legislation to further stimulate this sector. The Government has recently published regulations amending the Public Lotto Ordinance to regulate online betting centres and by doing so it is expected to net millions of US Dollars from such operations. Operators may either opt to establish processing operations with back office activities and in which case no licence is required and company may then benefit from the ITC corporate vehicle, or in case the betting company wishes to establish a call centre to receive bets together with a processing operation, it will also benefit from the ITC corporate vehicle and will be subjected to a licence by the Gaming Board. Until a few weeks ago, betting companies in the United Kingdom paid a 6.75 per cent tax on their turnover while Ireland applies tax at 5.3 per cent. This depends on the volume of transactions and the urgency in which confirmation is required.
Settlement can be in any currency.
We believe that we have the expertise to show your prospective clients how to take advantage of all the benefits Malta has to offer. Tax refunds to shareholders are effected in a short prescribed time limit. Malta offers various advantages as an e-commerce business partner. It is an ideal location for e-businesses wishing to operate in a low cost environment. Malta has a rapidly expanding Double Tax Treaty network, which is of particular importance to companies operating globally.