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GAMBLING TAX CHANGES LIKELY IN ITALY
16th December, 2015 at 08:39:58
New Stability Law has passed its latest hurdle and is fast approaching a procedural deadline.
With a final approval deadline just weeks away at the end of December, it now appears likely that the current version of the Italian Stability Bill will be approved for implementation early next year.
This week the national Budget Committee cleared the proposal in one of its final hurdles, opening the way for approval by the Chamber of Deputies where it is due for tabling this week.
If the bill stays on track, that could see new taxes coming into effect on January 1 2016. The changes include a higher 22% tax rate for online sports betting operators, but on GGR instead of turnover. Their land-based equivalents will pay a lower rate of 18% to protect that sector of the industry.
Online casino, poker and bingo operators will face a 20% tax rate, again on revenue.
The Stability Bill also makes provision for a more regulated and controlled marketing environment in gambling, banning advertising between 7am and 10pm on both television and radio stations
Related News Tags: Italy
INSPIRED DETAILS MULTIPLE DEALS AND PROGRESS
22nd March, 2017 at 20:12:25
Plenty of action at virtual sports provider.
MEDIALIVE SHOWING OFF VIRTUAL REALITY GAMBLING PRODUCTS AT ITALIAN EXPO
16th March, 2017 at 16:15:59
Live roulette attracting a lot of interest, media reports indicate.
SKYBET SELECT BETGENIUS
13th March, 2017 at 13:44:19
For data-driven Italian marketing push.
PHILIPPINES SENATE ENQUIRY CONCLUDES (Update)
10th March, 2017 at 10:19:28
Senior Immigration duo come in for criticism, but other parties accused of improper conduct appear to escape largely unscathed.
DEDICATED ONLINE GAMBLING REGULATOR FOR THE PHILIPPINES?
09th March, 2017 at 08:36:08
Senator broaches the idea at hearing into online gambling corruption.