S.L. 583.10 Art. 2Interpretation.

(1) In these regulations, save as provided in sub-

regulations (2) and (3), all words and phrases shall have the same meaning as prescribed in the Gaming Definitions Regulations.

(2) In these regulations, unless the context otherwise requires -

"the Act" means the Gaming Act;

"charge" means the actual revenue derived from the provision of either Type 3 gaming services or Type 4 gaming services, whether computed by way of commission or otherwise;

"gaming revenue" means the aggregate stakes and wagers, inclusive of any bonus or other player incentives which are comprised within any stake or wager, less an amount to be determined by summing up the aggregate player winnings to the aggregate of any bonus or other player incentives which are comprised within the amount of aggregate stakes and wagers, made under the terms of the mentioned licence in regulation 3(1) of the Gaming Licence Fees Regulations throughout the period of licence and with regards to Type 3 and Type 4 gaming services, gaming revenue means a charge, tournament fees and other such like elements of revenue; "qualifying activity" means any activity which consists of providing or carrying out a gaming service from Malta or to any person in Malta, subject to the requirement of a licence in accordance with regulation 3 of the Gaming Authorisations Regulations, which for the avoidance of doubt shall include the persons referred to in regulations 8 and 22 of the Gaming Authorisations Regulations and article 11(3) of the Act, with the exception of the persons referred to in regulations 5, 7, 29, 30 and 31 of the Gaming Authorisations Regulations and the term "qualifying activities" shall be read and construed accordingly;

"tax period" means the financial year of the person conducting a qualifying activity.

(3) All other terms used in these regulations which are not defined herein, shall have the same meaning as assigned to them in the Act and any regulations made thereunder.

Part II Gaming Tax