Australia seeks national point of consumption online betting tax

Australia’s federal government wants to harmonize state-level online sports betting point-of-consumption taxes (POCT), potentially dealing a blow to the Northern Territory’s status as the country’s premier online licensing jurisdiction.
24/03/2017
  • Gambling tax blow as Gibraltar is deemed 'one entity' with UK

    Gambling tax blow as Gibraltar is deemed ‘one entity’ with UK

    Britain and Gibraltar count as one EU state in terms of a key aspect of the single market, a senior EU lawyer has said in an opinion that could affect the territory’s life after Brexit. The lawyer rebuffed a challenge by Gibraltar’s huge electronic gambling industry, the mainstay of...
  • 0-gambling-tax-regime

    Atlantic City to address N.J. concerns, resubmit fiscal recovery plan

    New Jersey’s cash-strapped coastal gambling hub of Atlantic City will submit an updated fiscal recovery plan to the state, local officials said on Wednesday, in an eleventh-hour bid to hold off a takeover of city government. Trenton rejected the city’s five-year plan on Tuesday, questioning the viability of a...
  • 0-base-gambling-tax-regime

    Gibraltar International Focus

    As one of the first British dependent territories to develop tax-exempt corporate forms, Gibraltar has a long history as an offshore financial centre, with the focus initially on the traditional forms of offshore business like company incorporation, banking, investment holding, shipping and trust management. The arrival of the internet...
  • sweden-urged-to-set-new-online-gambling-tax

    Sweden urged to set new online gambling tax rate between 15% and 20%

    Sweden’s plans to liberalize its online gambling market would best be served by imposing a revenue tax rate of between 15% and 20%, according to a new industry-funded report. In a report prepared by Copenhagen Economics, the authors note that the Swedish government has tasked a special investigator with...
  • french-taxes-make-it-tough-for

    French taxes make it tough for sports betting operators to make a profit, even though the market is booming

    The French regulator ARJEL released its annual report for 2015/2016 last week. Online sports betting is on a relentless rise, but even so, French taxes make it extremely difficult to make a profit. A pdf file of the report in French can be found here. In 2015, ARJEL reported...
  • nz-introduces-netflix-tax-on-electronic-services

    NZ Introduces ‘Netflix’ Tax On Electronic Services

    Cross-border purchases by New Zealand residents of certain electronically supplied services became subject to goods and services tax (GST) on October 1, 2016. Non-resident businesses may need to register for New Zealand GST and charge GST on their supplies to New Zealand resident customers if they supply online gaming,...
  • industry-condemns-south-australian-punters-tax-1

    Industry Condemns South Australian ‘Punters Tax’

    The Australian Wagering Council (AWC) has warned that punters will “bear the brunt” of South Australia’s proposed new 15 percent place of consumption tax on betting companies. The South Australian Government has announced plans to introduce a levy on the net wagering revenue (NWR) of betting companies offering services...
  • dutch-parliament-approves-gambling-tax-1

    Protected: Dutch Parliament Approves Gambling Tax

    There is no excerpt because this is a protected post....
  • belgium-removes-online-gambling-vat-exemption-1

    Belgium Removes Online Gambling VAT Exemption

    On July 1, Belgium’s House of Representatives passed legislation to remove the broad-based value-added tax exemption on the gambling sector. Under the change, all gambling and games of chance that take place online will in future be subject to VAT. However, lotteries and land-based gambling will remain VAT-exempt. According...
  • south-australia-introduces-place-of-consumption-gambling-tax

    Protected: South Australia introduces ‘place of consumption’ gambling tax

    There is no excerpt because this is a protected post....
  • czech-gambling-law-includes-new-tax

    Czech Gambling Law Includes New Tax

    Under the law, signed by President Zeman on June 10, a 23 percent tax will be imposed on the gross gaming revenue of operators of online sports betting and lotteries, with casinos paying a higher 35 percent tax. These taxes will be paid in addition to the Czech Republic’s...
  • portugal-introduces-new-online-gambling-tax

    Portugal Introduces New Online Gambling Tax

    Portugal’s controversial new online gambling tax came into force at the end of June, prompting a number of online gaming providers to exit the country. Under the new regime, the gross revenues of companies providing online gambling services will be subject to a 15 percent tax if their annual...
  • Stalled Irish online gambling tax to be signed into law

    Stalled Irish online gambling tax to be signed into law

    Ireland’s stalled plan to tax online gambling has been sent to the president to be signed into law, finance minister Michael Noonan said on Thursday, clearing the way to begin imposing the levy on bookmakers this year. The new tax comes as Paddy Power and other major bookmakers such...
  • spain-clarifies-gambling-tax-regulations

    Spain Clarifies Gambling Tax Regulations

    The Spanish Finance Ministry has recently clarified the rules pertaining to the taxation of online gambling profits and to the taxation of lottery and betting winnings. The Finance Ministry made clear that online gambling losses do not give rise to tax credits that can be deducted from income tax....
  • taxation-and-online-sports-betting-in-germany

    Taxation and online sports betting in Germany

    Taxation and online sports betting in Germany Considering the relative merits of a tax on gross gaming revenue and a tax on stakes for the potential regulation of online sports betting. Table of Contents Page 1. Executive summary 2. Introduction 2.1. Purpose of the study 2.2. Scope and approach...
  • ireland-to-tax-remote-gambling

    Ireland To Tax Remote Gambling

    Ireland is to modernize its gambling laws, with changes designed to tackle the shortcomings of current legislation, which include the absence of a taxation regime for remote gambling. The plans, announced Alan Shatter, Minister for Justice, Equality and Defence, have been agreed by the government, but detailed arrangements for...
GAMBLING NEWS

Popular Posts