Low taxes for Malta Gaming Expatriates

A welcome initiative of the Maltese government is the recent introduction of a lower tax rate of 15% chareable on income of Malta gaming expatriates in excess of Euro75,000 and exempting from Malta tax any income over the five million Euro threshhold.
Evidently, Malta is showing concrete signs of its commitment to its success story with the gaming industry.  Topping the already favourable regulatory framework and corporate tax regime enjoyed by the gaming industry in Malta, these recent initiatives seek to attract highly qualified gaming expatriates to relocate to Malta under employment with gaming companies licenced by the LGA
The Highly Qualified Persons Rules 2011 apply as of fiscal year starting 1st January, 2010 and will benefit gaming specialists with technical, management and industry specific know-how that will be crucial to ensure Malta survival as a top gaming domicile.  My partners and I have had the exciting experience of witnessing the exponential growth and the privilege of assisting top regulated gaming operators and platforms start up their operations in Malta post 2004 and I for one welcome this initiative with open arms given the ever increasing demand for candidates to fill top jobs opening regularly in the local gaming market.

Amongst the high end gaming expatriate positions covered by these new personal tax rules are the CEO, CFO, COO, Chief Risk Office, Fraud and Investigations Officer, CTO, Head of Marketing, Head of Distribution Channels, Head of R&D, Head of SEO & Systems Architecture and Odds Compiler Specialist.  These “eligible offices” must be held with companies authorised or recognised by the Malta Lotteries and Gaming Authority (LGA).

My team is currently handling of a number of applications for top management officials of leading gaming groups under these rules.  I have prepared an overview of the Malta tax guidelines for gaming executives under the Highly Qualified Persons Rules - Malta Top Gaming Management on my law firm's website. These should answer your first questions as to whether you qualify. If still in doubt, please contact me and my team of Malta tax advisors at your convenience.

Dr Jean-Philippe Chetcuti
International Tax & Immigration Lawyer
Chetcuti Cauchi Advocates