Close Bottom Menu CLOSE

Why join our Telegram

Telegram
  • list icon EXCLUSIVE Betting Bonuses
  • list icon 24/7 Pre-Match & Live Predictions
  • list icon New Unrestricted Bookmakers
  • list icon €1,000 In Monthly Giveaways
Join Our Community
Telegram

New EU tax regulations to threaten Malta based operators

4 Dec 2017

tax maltaIn the wake of recent discoveries of money laundering and tax evasion, that ultimately lead to the assassination of journalist Daphne Caruana Galizia, Marcus Ferber, the vice chairman of the European Parliament’s Economic and Monetary Affairs Committee, has proposed significant changes on tax regulations withing the EU. He aims to introduce a unified tax-levy that will be based on annual revenue and will apply to all European Union members. In the case of Malta, this will likely lead to severe upheaval as the current tax requirements are a mere 5% corporate tax.

What's more on that?

Currently, iGaming related tax revenues amount to 12.5% of Malta's GDP, a staggering €1.4 billion per year. If the proposed legislation does indeed pass this will evidently lead to a mass exodus of local-based operators like Cherry AB, Betsson Group, Evoke Gaming etc. who hold offices in Malta due to these favorable taxes. According to Politico, the new proposal will be put forth in Q2 2018 at the European Commission and besides Luxembourg and Ireland, who have already voiced their opposition, it is still hard to tell which side the remaining members will take. What remains to be seen, is whether the Maltese Authorities along with local based operators will try their best to lobby against this decision, or if Luxembourg and Ireland will hold their stance and veto the proposal, given that all members have to unanimously vote for a proposal for it to pass.

Join and grab exclusive bonuses, daily offers and free bets!

Lay hands on exclusive daily bonuses for members only. These promos are limited and are not advertised on the website.

Yes, I have read the Terms & Conditions and I consent to receiving emails from Bookmakers.bet regarding betting promotions, betting guides and news.

BOOK SPY
Lucas Paqueta Charged For Betting Breaches Featured Image

The Brazilian international Lucas Paqueta has been charged by the FA for the “improper purpose of affecting the betting market”. Paqueta, ...

Read more »

Tyson Fury vs Oleksandr Usyk Odds Featured Image

After a long wait, the boxing world is finally on the verge of crowing the first undisputed heavyweight champion since 1999, when Lennox Lewis took do...

Read more »

Conor McGregor Partners with Duelbits Featured Image

On May 13th, 2024, Duelbits, a leading site in crypto gambling, issued a press release to announce that it has partnered with MMA legend Conor McGrego...

Read more »

EveryMatrix Record Net Revenue in Q1 Featured Image

EveryMatrix announced that the company achieved a record €39 million in revenue in the year’s first quarter. This constitutes a stunning 66% inc...

Read more »

Conor McGregor Next Fight Odds Featured Image

After a nearly three-year absence, Conor McGregor will fight Michael Chandler in UFC 303 on June 30th. UFC president Dana White announced the clash, w...

Read more »

ΝΒΑ Investigates Raptors’ Center Jontay Porter for Betting Irregularities Featured Image

The Raptors Center became unavailable for March 25th’s clash against the Brooklyn Nets. The NBA intervened, and Porter sat out until the league ...

Read more »

Next Liverpool Manager Odds: Who Will Succeed Jurgen Klopp? Featured Image

Jurgen Klopp’s announcement that he will leave Liverpool at the end of the season shocked the football world. The German will depart from Anfiel...

Read more »

1xBet Announces Biggest Wins for 2023 Featured Image

It’s no secret that many players prefer Accumulator bets. The chance of winning huge sums of money with relatively small stakes is unmatched. To...

Read more »

Betting Odds On Formula 1 2024 Season Featured Image

Formula One is back for its 75th season, and the calendar starts with the Bahrain Grand Prix on March 1-3, 2024. After a record-breaking year with 19 ...

Read more »

UFC 298 Odds & Preview: Volkanovski vs Topuria Featured Image

One of the biggest UFC events of the year takes place on Saturday, February 17 at the Honda Center in Anaheim, California. UFC 298, starting at 23.00 ...

Read more »

LATEST BOOKMAKER PROMOTIONS
bookmaker banner
bookmaker banner