At present, purchasers often ignore the requirements for tax due diligence since they are more focused on the quality of earnings or other types of diligence reviews. It is a fact that the state, local, and federal tax regulations have become quite complicated and lots of taxes are imposed on companies as well. Moreover, aggressive tax-reducing strategies used by the taxpayers and enforcement by the taxing authorities combine to add risks to investments made without any proper tax review.
What do you mean by tax due diligence?
It is a thorough examination of the various types of taxes imposed upon any specific business as well as different taxing jurisdictions where it might have an adequate relationship to be subject to these types of taxes. Usually employed on the purchasing side of any transaction, the objective of Malta tax legal due diligence will be to reveal potential and significant tax exposures. As compared to IT tax return preparation, Malta tax due diligence is not much concerned with comparatively small miscalculations or missed terms. Although the threshold for significance might alter with the deal’s value and amount affecting the negotiations of a purchaser or the decision to continue with a transaction is usually higher compared to that which might concern a Malta Company tax refund preparer.
Advantages of the Malta Gaming License
Well-known throughout the globe, any platform functioning under the control of the Malta Gaming Authority is going to find lots of opportunities open in front of them. It will be simpler for them to get into 3rd party contracts, open bank accounts, and provide services to global clients.
However, all these advantages will be available at a price. It is fact that the license for Malta online gambling happens to be expensive, complicated, and lengthy. It will be imperative for the applicant to submit plenty of documents and be patient in getting the license. However, it will be worth the cost in case you happen to be a renowned brand or a well-known gaming company.
Now, let us look at the benefits provided by Malta online license.
- Prestige
We consider the Malta gambling license to be amongst the most respected on the planet. There is a vote of confidence while holding this license that the operator is honest, fair, and transparent, and he is functioning within EU regulations.
- Tax benefits
In Malta, the corporate tax rate is set at 34%, although you will come across a comprehensive tax imputation system. It implies that it will be possible for the shareholders to obtain a tax credit that is equivalent to the tax paid on profits for which the dividends were paid. You will likewise come across a gaming tax that will be imposed against gaming revenues obtained from Malta-based gamers. The rate happens to be 5% which will be ascertained depending on whether the gamer is residing in Malta.
- Stable
One can consider Malta to be an extremely stable society, politically as well as socially. The economy in Malta is quite strong and it is propelled by financial services, innovation, and technology. Malta has had the distinction of being a full-fledged EU member since 2004.
