-
The state of South Australia has introduced a 15% interstate tax on gambling, based on the place of consumption. All bets placed in South Australia with Australian-based betting companies will now be liable for the tax, Treasurer Tom Koutsantonis said. The tax will raise AU$9.2 million ($7 million) a...
-
The state government of South Australia has announced a new place of consumption tax to be levied on betting companies offering services in the state. To be included in next month’s state budget and commenced from 1 July 2017, the 15% tax is Australia’s first interstate gambling tax, and...
-
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...
-
Czech Republic President Milos Zeman has thirty days to decide whether to sign the country’s new gambling act into law after legislation was approved by the country’s Senate. The Czech Senate passed the bill with a large majority, delivering it to President Zeman for approval on June 1st. In...
-
Maior concessionária de jogo do país terminou o primeiro trimestre com resultados líquidos de 1,64 milhões de euros. Estado ganhou quase 25 milhões com o jogo dos casinos do Estoril, Lisboa e Póvoa em três meses. A Estoril-Sol SGPS, detida em 57,8% pela Finansol (criada por Stanley Ho) e...
-
The Czech lower house has approved legislation to raise taxes on gambling firms and open the online market to foreign operators. Reuters reports that, as of next year, tax on slot machines will increase from 28% to 35%, with verticals including sports betting and lottery remaining at 23%. The...
-
Bookmaker William Hill has announced a drop in operating profit of 22% for 2015, blaming gambling taxes imposed on its UK online and retail businesses. The company reported operating profits of £291.4m for last year, down from £372.2m in 2014. It said additional gambling duties of £87m resulted in...
-
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...
-
A multimillion-pound levy on all sports betting is being considered by Labour with the revenue ploughed back into grassroots sports. Some of the funds would also be used to tackle problem gambling. The proposal is set out in a new “sport for all” document issued by Harriet Harman, the shadow...
-
The Portuguese Council of Ministers has announced that it has approved the text of a draft bill which would liberalize its online gaming market. A few days ago, the government reserved time in the parliamentary calendar for a debate on the proposals before the end of the current legislative...
-
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 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 summary2. Introduction2.1. Purpose of the study2.2. Scope and approach2.3. Terms of reference3....
-
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...