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MGA | Time to Submit 2021 Audited Financial Statements

The Malta Gaming Authority (“MGA”) is hereby reminding all licensees of the requirement to submit their Audited Financial Statements within one hundred and eighty (180) days from the end of their financial year.

Moreover, licensees are reminded to ensure that the Audited Financial Statements:

  • Are prepared in accordance with International Financial Reporting Standards;
     
  • For B2C licensees providing gaming services by remote means, illustrate the Player Funds Account Balance separately under the Cash and Cash Equivalents Note to the Audited Financial Statements as well as illustrate player funds under the Trade and Other Payables Note to the Audited Financial Statements;
     
  • Are accompanied by the Directors’ Report which shall be drawn up in accordance with Article 177 of the Companies Act (CAP. 386 of the Laws of Malta). This requirement shall also apply to companies defined as “small” under the Companies Act.
Applicability

The requirement to submit the Audited Financial Statements applies to:

  • All companies licensed by the MGA as at the Audited Financial Statements due date. This applies irrespective of whether or not the company was licensed by the MGA during the period covered by the financial statements.
     
  • All companies covered by a Corporate Group Licence.

Any questions about how to prepare and submit Audited Financial Statements ?
Contact us, We’ll be happy to meet and assist you!
Email: [email protected]
Phone: +356 99441881

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