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The 15% reduced tax rate available to foreign professionals working in Malta in target sectors has been extended to include posts within companies engaged in the internet gaming business. A foreign individual employed in a senior post with a company engaged in financial services and licenced or recognised by the Malta Financial Services Authority (MFSA) is entitled (subject to certain conditions) to have his or her salary taxed at 15% in Malta. The 15% tax rate is available in respect of an 'eligible office' which includes positions such as CFO, CEO, COO, Chief Investment Officer, Portfolio Manager, Marketing Head and Senior Analyst. Click here for details about the 15% tax option.
As a result of an amendment to the Highly Qualified Persons Rules, 2011 published on the 4th November 2011, the 15% tax rate is now available in respect of foreign professionals employed in Malta with companies providing internet gaming and lottery services and that are licensed or recognised by the Malta Lotteries and Gaming Authority (LGA).
Senior positions which will be considered an eligible office now include the following:
- Fraud and Investigations Officer;
- Chief Commercial Officer
- Odds Compiler Specialist;
- Head of Research and Development (including Search Optimisation and Systems Architecture);
- Head of Distribution Channels
The amendments are applicable as from 1 Jan 2010.
For further information please contact This e-mail address is being protected from spambots. You need JavaScript enabled to view it or This e-mail address is being protected from spambots. You need JavaScript enabled to view it .