December 12, 2013

Romania to change gambling tax laws

The Romanian state is planning to double the tax casino operators currently pay along with adding an extra 200 Euros to each slot machine used in the country per year.

The current law tries to figure out how much each gambler loses and then taxes the operator on the loses, but slot machines operators agree it is impossible for companies and the tax administration to highlight how much a gambler actually wins or loses, and tax it, so they welcome the change, even if it represents a tax increase.

The new tax regime will cover a whole host of gambling including slot machines, video lottery, online gambling, casino and poker clubs. Last year the government revenue from gambling tax was EUR 7.5 million.

With over 65,000 slot machines in the country estimates have that they earn over 1 billion Euros for operators each year. With casino operators the new tax will be on net earning set at 2% tax, which will be the same for online gambling operators.

Also for online gambling operators more changes will come as the state wants to block access to online sports bets and gambling sites which are not owned by the state or not licensed to do business in Romania.

A black list of sites unauthorized in Romania will be compiled, and will be monitored by the National Office for Gambling.

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