Malta's New VAT and Gaming Tax Framework
A Strategic Shift for OperatorsMalta's new VAT and Gaming Tax framework marks a strategic shift for iGaming operators. Learn how VAT recovery and tax consolidation reshape compliance and profitability.
With our ample global network, Grant Thornton can help you avoid unexpected liabilities and unnecessary costs.
Our professionals can advise you on Value-Added Tax (VAT) as well as customs and excise.
We establish if you need to register for the VAT system in your destination country – be it in or out of Malta. If so, we’ll put you in touch with a VAT representative vendor, register your company and assist with the culmination and capitulation of your VAT returns.
At its simplest, VAT is a tax on consumption and is a multi-stage tax (ie applied at every stage of the production process), which is applied to both goods (ie tangible property) and services. Additionally, although the tax is ultimately borne by the consumer (by getting included in the price paid), responsibility for charging, collecting and passing the tax on to the tax authorities, rests with the supplier.
At its simplest, VAT is a tax on consumption and is a multi-stage tax (ie applied at every stage of the production process), which is applied to both goods (ie tangible property) and services. Additionally, although the tax is ultimately borne by the consumer (by getting included in the price paid), responsibility for charging, collecting and passing the tax on to the tax authorities, rests with the supplier.
Malta's new VAT and Gaming Tax framework marks a strategic shift for iGaming operators. Learn how VAT recovery and tax consolidation reshape compliance and profitability.