Quote:
Originally Posted by the4bettingmonk
nope- the income is being earned wherever the servers are based, and to my knowledge very few are based in malta even tho there is customer support here etc.
initially i thought only capital gains fell under those tax breaks but now it seems it is indeed worldwide income- this applies for both temporary and permanent residents.
Is there any official link to confirm that? I think that income is considered to be earned where you are physically producing it.
For example, a non dom in Malta (foreign citizen, with a foreign domicile, but residing in Malta) that trades stocks for a living in a non Maltese stock market and using a non Maltese broker, would need to make those trades outside Malta so that income (or capital gains) is considered as earned abroad, and therefore only pay taxes on it if it's remitted to Malta (the same would apply to a non UK dom living in the UK). It seems to me that poker would have the same problem, and you either play abroad and leave it overseas, or you have to pay income tax (0-35%:
http://www.mxpmalta.com/working-in-malta).