Malta to exempt sports betting operators from VAT obligations

11 Dec 2017

malta exempt sports betting vatAmid increased speculation regarding amendments on its tax and iGaming regulation, Malta is once again justifying its reputation as the most operator-friendly environment within Europe. According to The Times of Malta, the Maltese government is planning to exempt sports betting operators, bet exchanges and "equivalent entities" from their VAT obligations, starting in January 1st 2018. Although these news have been welcomed by sportsbook operators, online casino & bingo websites may have reason to feel disheartened given that the new tax regime has not included bets on casino games & tables. Additionally, the government has announced that any gambling services provided through the use of remote technology will still be required to pay the VAT.

The Value Added Tax Act was enacted as a means of keeping up with the European Council directive on the common system of VAT. According to this, an EU State can exempt betting, lotteries and other forms of gambling although such measures are still subject “to the conditions and limitations laid down by each Member State.” The tax reform is set to have an immediate impact on the government's coffers, given that iGaming VAT income amounted for 7% of last year's revenue, a figure standing at nearly €700 million. Regardless, Maltese lawmakers remain positive that the short term tax losses will be offset by an increase in the number of regulated operators.

10,000+ have already benefited from Bookmakers.bet

Register to our newsletter and be the first to get our exclusive bonuses and promotions. Fill in your name & email and stay tuned on the latest offers and the new bookmakers in your country.

I agree with the terms of use.

BOOK SPY

The South African National Gambling Board has issued a statement this week concerning the legality of online gambling. There have recently been some r...

Read more »

Betting operator 888sport announced that it has signed a sports betting partnership agreement with the National Football League (NFL) in the United Ki...

Read more »

British GVC Holdings PLC is launching an investment program to support grassroots sports in the UK. It will be helping the lower tiers of English foot...

Read more »

Dominic Beier has stepped down from his position as Interwetten Sports’ Speaker of the Board. The 29-year-old had joined the company in 2018, replacin...

Read more »

BGC, the UK’s Betting and Gaming Council, has announced the implementation of a new set of measures in order to prevent underage audiences from being ...

Read more »

Online sportsbook and casino operator Vbet will be sponsoring French Ligue 1 powerhouse AS Monaco. The deal includes seasons 2020-2021 (which just sta...

Read more »

UK-based bookmaker Betfred has announced the extension of its World Snooker Championship sponsorship until 2022. It is considered the biggest snooker ...

Read more »

European sports betting firm Melbet is expanding its presence in Africa by entering the Kenyan market. After already operating in Nigeria, Ghana and U...

Read more »

The UK Gambling Commission has lifted the ban on sports betting exchange Matchbook. The brand, running under operator Triplebet, had its UK pool betti...

Read more »

Ukraine’s president Volodymyr Zelensky has put pen to paper on bill 2285D, as expected since last month’s triumphant voting in its favor at the Verkho...

Read more »

Latest Betting Offers

18+ | T&Cs apply | begambleaware.org

Minimum deposit is 10 euros. Minimum odd to bet the bonus on is 1.50 or higher. Bonus must be wagered 10 times. T & C's apply. 

The generated voucher is only valid for people of legal age. The betting credit worth €5, €15 or €30 is awarded at random. The term "voucher" in the bonus provisions refers to both betting vouchers and free bet vouchers. In addition, 10 x € 3.000 will be raffled among all players who have redeemed their betting credit. The winners will be determined by drawing lots and notified by email on October 7th, 2020. The judges' decision is final. The prize money will be credited to your Interwetten account and is freely available.