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ARTICLE · 13 OCTOBER 2020

COVID-19 Gaming Related Updates

GTG Legal
GTG Legal
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GTG Legal

GTG Legal

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Further to the financial incentives announced by the Maltese Government last week, the Malta Gaming Authority (‘MGA') issued a communication to gaming companies regarding financial aid...

MaltaMedia, Telecoms, IT, Entertainment
Bernice Saliba
Bernice Saliba

Further to the financial incentives announced by the Maltese Government last week, the Malta Gaming Authority ('MGA') issued a communication to gaming companies regarding financial aid which may be applicable to them.

Postponement of Tax Payment for Certain Beneficiaries

The MGA confirmed that both online and land-based gaming companies are eligible for the postponement of payment of certain taxes if such companies suffer a significant downturn in their turnover due to economic constraints resulting from COVID-19, including suffering cash flow difficulties.

The postponement covers a two-month extension to enterprises, including self-employed, to pay Provisional Tax, VAT, maternity fund payments and National Insurance Contribution on salaries for taxes owed till end of April. Nevertheless, any documents and returns must still be submitted in time.

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