The Malta Gaming Authority has announced major reforms to the laws concerning gaming. The new Gaming Act is anticipated to bring together different existing gaming related laws, subsidiary legislations and directives. The change was suggested to simplify the current practices and pushed through efficiently to protect Malta’s position on the forefront of the global gaming economy.
There will be noticeable changes to the taxation aspect as the new legislation is announced to adjust the streamlining of taxation to one flow instead of multiple and exclude B2B licensees from gaming tax to improve Malta’s competitiveness in this particular industry.
Other changes include: the current multi-license system will be replaced with just two forms of license: business-to-consumer and business-to-business. A player support unit will be established as well as automated reporting system. The new Gaming Law will grant wider enforcement powers for the authority and introduce a new and efficient way to manage criminal and administrative justice.
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