25 Jan 2018
Subject to parliamentary time being allocated as expected and parliamentary approval, it looks likely that the proposed new Gaming Act (including regulations made under it) will come into force on or around 1 July 2018.
The New Licence Fees Regulations include a transitory period, until 30 June 2018, during which existing licensees will continue to pay dues in accordance with the current legal framework (Remote Gaming Regulation S.L. 438.04) (“Transitory Period”). New licensees are subject to the requirements of the New Licence Fees Regulations even during the Transitory Period.
As of 1 July 2018, all licensees will have to comply with the New Licence Fees Regulations.
Following the end of the Transitory Period, dues paid by current licensees in between January-June 2018 will be reconciled with the provisions of the New Licence Fees Regulations (a ‘true-up’) as follows:
(I) Licensees that have paid more than is required under the New Licence Fees Regulations will be able to set off such amounts against future dues incurred;
(II) Licensees that have paid less than is required under the New Licence Fee Regulations will need to pay the difference accrued by reference month September 2018 meaning that the payment must arrive not later than 20 October 2018.
In addition, under the New Licence Fees Regulations, Class 4 licensees (B2B operators) will now no longer be required to pay a monthly gaming tax for every operator they supply licensed in an EEA jurisdiction (other than Malta) or another jurisdiction approved by the Malta Gaming Authority. Class 4 licensees will receive a credit for the grand total of dues they incur in excess of the provisions of the New Licence Fees Regulations during the Transitory Period.
Please do not hesitate to contact us on email@example.com should you require any clarification, or should you wish to discuss how these changes will affect your business.
*Type 1 gaming services means: