WH Partners

𝐍𝐞𝐰 𝐓𝐚𝐱 𝐑𝐮𝐥𝐞𝐬 𝐟𝐨𝐫 𝐈𝐧𝐜𝐨𝐦𝐞 𝐃𝐞𝐫𝐢𝐯𝐞𝐝 𝐟𝐫𝐨𝐦 𝐒𝐩𝐨𝐫𝐭𝐬 𝐀𝐜𝐭𝐢𝐯𝐢𝐭𝐢𝐞𝐬 Legal Notice 147 of 2024 published on 28 June 2024 extends the application of the 7.5% tax rate on income derived by persons engaged in sports activities. These rules were published pursuant to articles 56(26) and 96 of the Income Tax Act and will come into force from the year of assessment 2025. An individual deriving income from a sports activity as recognised and practiced wholly or mainly in Malta can opt to have such income taxed at the rate of 7.5%. Read more ➡️ https://lnkd.in/d8P5Xrm9 🖊️Authors Joselyn Teuma & Anton Vella Laurenti #ThinkingAhead #tax #sports

On July 1, 2024, Bill No. 107, titled the "Markets in Crypto-Assets Bill" (the “Bill”) was discussed in the plenary session in the Maltese parliament. The Bill proposes necessary amendments to the Virtual Financial Assets (“VFA”) Act to align with the EU Markets in Crypto Assets (“MiCA”) regulation. These amendments will streamline the existing framework with the comprehensive rules established by MiCA, ensuring consistency and coherence in the regulatory landscape for crypto-assets. ➡️ Full article: https://lnkd.in/d5CZz2P7 🖊️ Authors: Joseph F Borg, Gaby Zammit, Galyna Podoprikhina #ThinkingAhead #MiCA #fintech #cryptoassets

Galyna Podoprikhina on stage during Crypto360 Talks, an exclusive event for the local crypto community in Malta hosted by Payhound. Galyna moderated the "Crypto regulation’s impact on iGaming operations" panel discussion that focused on the upcoming Markets in Crypto-Assets Regulation (#MiCA) in Europe. #ThinkingAhead #crypto #fintech #igaming #crypto360talks

We would like to congratulate Emma Spiteri, Kirstyn Abela Caruana and Martina Grech on obtaining their warrants to practice as advocates in Malta and on being promoted to Junior Associates. #ThinkingAhead

𝐖𝐫𝐚𝐩 𝐔𝐩: 𝐌𝐚𝐫𝐤𝐞𝐭 𝐄𝐱𝐩𝐞𝐫𝐭 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐒𝐩𝐫𝐢𝐧𝐠 𝟐𝟎𝟐𝟒 Last month we held the second edition of Market Expert Insights, an invitation only event that discussed the latest regulatory, tax and business developments concerning the gaming & gambling industry. We delved into the impact of the Digital Services Act on gambling operators, AML, latest developments in player claims for refund of gambling losses, the Digital Markets Act, the current tax landscape in Malta, the evolution of payment solutions, updates on the Romanian market and cross-border advertising. We would like to thank all of our speakers for the contribution and insightful discussions: Bernard Agius, Greta Agius, Camille Pepos, Aldo Farrugia, Elton Dimech, Quirino Mancini, Dr. Joerg Hofmann, Cosmina Maria Simion, Kristian Fenech, Rakele Cini, Arina Rumyantseva, Michele Magro, Ramona Cassar Azzopardi, Joseph F Borg, Davinia Cutajar, Patrick Massa, Rachel Vella Baldacchino. 🚀 Stay tuned for more insights and future events. Hosted by WH Partners & Payhound Sponsor: Sumsub Strategic Partner: SBC #ThinkingAhead #MarketExpertInsights

𝐑𝐞𝐠𝐮𝐥𝐚𝐭𝐢𝐧𝐠 𝐭𝐡𝐞 𝐎𝐧𝐥𝐢𝐧𝐞 𝐑𝐞𝐚𝐥𝐦: 𝐓𝐡𝐞 𝐄𝐔 𝐃𝐢𝐠𝐢𝐭𝐚𝐥 𝐒𝐞𝐫𝐯𝐢𝐜𝐞𝐬 𝐀𝐜𝐭 The EU Digital Services Act (“DSA”) became fully applicable earlier this year on the 17 February 2024. The DSA is one of the cornerstones of the EU’s digitisation strategy called “A Europe Fit for the Digital Age” alongside other forward-facing legislation such as the Digital Markets Act and the highly anticipated Artificial Intelligence Act. This article explores the scope, key obligations, enforcement and penalties of the DSA. ➡️ Read more: https://lnkd.in/dSQwv9tb 🖊️Authors: Patrick Massa, Martina Grech #ThinkingAhead #DSA

Ramona Cassar Azzopardi speaking at the MALTA INSTITUTE OF TAXATION Tax Meets Tech Talk – Artificial Intelligence (AI) event. The "MIT Tax Meets Tech Talk – Artificial Intelligence (AI)" will address the use of AI in tax investigations and tax litigation, exploring the impact of AI on tax practitioners and its use by the tax professional and the tax administration. The event is organised by the MIT's Tax Technology Committee, chaired by Ramona Cassar Azzopardi. #ThinkingAhead #tax #ai #mit

Ramona Cassar Azzopardi is speaking at the MALTA INSTITUTE OF TAXATION Tax Meets Tech Talk – Artificial Intelligence (AI) event. She will be moderating the "AI and tax investigations: the way forward" panel discussion. 🎤 Panellists: Manfred Barbara, Gavril Flores and Dylan Seychell The "MIT Tax Meets Tech Talk – Artificial Intelligence (AI)" will address the use of AI in tax investigations and tax litigation, exploring the impact of AI on tax practitioners and its use by the tax professional and the tax administration. The event is organised by the MIT's Tax Technology Committee, chaired by Ramona Cassar Azzopardi ➡️ Further details: https://lnkd.in/dfkZspbQ #ThinkingAhead #tax #MIT #AI #taxmeetstech

We had a great time yesterday evening at the office inauguration of WH Simion & Partners in Bucharest, together with colleagues, clients and friends in this new venture. WH Simion & Partners is the result of a strategic alliance between WH Partners and Bucharest law firm Simion & Partners.   #ThinkingAhead Cosmina Maria Simion, James Scicluna, Olga Finkel, Alina Tace, Irina Corcoveanu

𝐋𝐚𝐭𝐞𝐬𝐭 𝐝𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭𝐬 𝐢𝐧 𝐩𝐥𝐚𝐲𝐞𝐫 𝐜𝐥𝐚𝐢𝐦𝐬 𝐟𝐨𝐫 𝐫𝐞𝐟𝐮𝐧𝐝 𝐨𝐟 𝐠𝐚𝐦𝐛𝐥𝐢𝐧𝐠 𝐥𝐨𝐬𝐬𝐞𝐬 | 𝐌𝐚𝐫𝐤𝐞𝐭 𝐄𝐱𝐩𝐞𝐫𝐭 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 Speaker: Davinia Cutajar, Partner WH Partners Davinia gave an overview of player claims for a refund of gambling losses, highlighting significant legal decisions in the Netherlands, Germany, Austria and Malta. She outlined how the legal landscape has evolved, noting how Dutch courts are now ruling against operators post-2021 regulation, and how Austrian courts continue to defend the monopoly in Austria despite EU law challenges. She also emphasized Malta's recent legislative changes, specifically Bill 55 which amended the Gaming Act by clarifying Malta's public policy on gambling, and summarising recent CJEU decisions, as well as referrals to the CJEU which are still pending. As the legal environment continues to shift, staying informed and adaptable is essential for operators and stakeholders alike. Market Expert Insights is an invitation only event that discusses the latest regulatory, tax and business developments concerning the gaming & gambling market. Event hosted by WH Partners & Payhound Sponsor: Sumsub Strategic Partner: SBC #ThinkingAhead #MarketExpertInsights