The Greek government has reconsidered its plans to introduce double taxation on online gambling in the country.
Earlier in the month, the country’s Ministry of Development and Investment revealed its plans to introduce tax hikes for the online gambling industry in the country.
In the said proposal the cost of online sports betting license was reduced €1m to €3m, and the operators were to pay a 35% tax on their gross gaming revenue. According to the new draft law, operators would not be allowed to deduct this tax before their corporate tax is applied.
The cost of online casino and poker licenses is doubled to €2m. The licenses will be issued for a period of seven years and the license fees will have to be paid again upon renewal.
While the government has amended the legislation to clarify that operators will be allowed to deduct their revenue tax before corporate tax is applied, the ministry is unmoved to bring a 35% revenue tax rate.
The government is also facing opposition from the gambling operator OPAP. (casinobuzz)
