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
Megapari Nominated For The 2024 SBC Awards Featured Image

Megapari is up for two awards in the following SBC Awards: ‘Sportsbook Operator of the Year’ and ‘Casino Operator of the Year’...

Read more »

BC.Game Is The Official Sponsor Of Leicester City For 2024/25 Featured Image

The popular online crypto bookmaker BC.Game has announced that it has become the official partner of Leicester City. The partnership will go on for th...

Read more »

The Effect Of Euro 2024 On Sports Betting Service Providers Featured Image

It is no secret that huge international competitions like Euro 2024 substantially impact all sports betting providers. Besides the day-to-day operatio...

Read more »

How Mbappe’s Injury Affects All Euro 2024 Bets Featured Image

French superstar Kylian Mbappe suffered a broken nose after a collision with Austria’s Kevin Danso. He was later subbed off and was taken to the...

Read more »

Bookmakers With A Dedicated Euro 2024 Section Featured Image

This summer, 24 nations will battle in the 17th edition of the European Football Championship. Scheduled to take place in Germany, the competition is ...

Read more »

How Injuries Affect Euro 2024 Odds Featured Image

As the Euro 2024 approaches, fans are at the edge of their seats. However, as it happens with every major competition, several notable footballers hav...

Read more »

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 »

LATEST BOOKMAKER PROMOTIONS
bookmaker banner
bookmaker banner