« News index »
MORE ON PORTUGUESE ONLINE GAMBLING LEGALISATION
12th October, 2013 at 02:35:17
Speculation that high tax rate could hamper market development.
Last week's report on the Portuguese government's enquiry into the pros and cons of legalising and taxing online gambling (see previous report) has been followed by confirmation in a Poker News Portugal piece.
The information site reports that Portuguese State Minister Paulo Portas has revealed that online gambling regulation could be regulated and taxed as early as 2014, and that estimates of this potential 'virtual income' have been included in the draft Portuguese budget.
The Portuguese economy is battling through the recession and has received billions of Euros in bail-out cash from the European Central Bank, and additional tax revenues are therefore a priority.
Poker News Portugal reports that the possible tax rate indicated by the government is high at around 20 to 25 percent, which is in line with that of other European nations, but has been criticised as restricting growth and prosperity in online gambling markets.
Related News Tags: Europe
EUROPEAN ONLINE GAMBLING GROWTH CONTINUED IN 2016
29th March, 2017 at 08:27:22
Researchers estimate revenues climbed 6.6 percent.
BWIN AWARDS PAN-EUROPEAN ONLINE GAMBLING ADVERTISING ACCOUNT
28th March, 2017 at 19:47:54
BBH Sport wins significant account after a competitive pitch.
LADBROKES CORAL REPORT UNAUDITED 2016 RESULTS
28th March, 2017 at 11:21:29
Successful start for merged group, CEO determines.
EGBA PUBLISH GUIDANCE ON 4TH EUROPEAN UNION AML DIRECTIVE (Update)
22nd March, 2017 at 20:12:25
June 26 deadline nears.
GSA EUROPE WELCOMES MICROGAMING
20th March, 2017 at 19:52:51
As Platinum member.