The Emerging Challenges For Establishing Indispensable Issues Of Blackjack

Sep 16, 2018

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Greece proposes new online gambling licensing plans

Operators must also conduct their Greek-facing business via a dot-gr domain. The new licensing plan includes a variable tax on online gamblers’ winnings, which are to be withheld by the operator for remitting to the taxman. Winnings under €100 would not be taxed, but winnings above €100 but less than €500 will be hit with 15 per cent tax, while winnings above €500 will be taxed at 20 per cent. The government’s list of its new online rules do not specify whether it has had a change of heart regarding its original plans to tax operators’ revenue at 35 per cent. Given Greece’s significant unpaid debts to its international moneylenders, it seems doubtful that the government would offer operators any breaks on this point. The Ministry has opened a consultation into its proposed online regime, and interested parties are invited to submit their proposals, opinions and comments by October 5.

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