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Tax News

Czech government unveils gambling exclusion system, raises taxes

Gamblers in the Czech Republic will have to pay income tax on winnings above CZK1.0m under new rules which came into force on January 1st, with the government also unveiling technical specifications for a new national monitoring and exclusion system for online and land-based gambling.

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myLotto24 agrees €54m tax payment to limit risk of fines

ZEAL Network’s myLotto24 subsidiary has entered into an agreement with the Hanover-Nord tax authority (Finanzamt) to pay €54m in assessed value-added-tax (VAT) in respect of its now discontinued secondary lottery business.

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Danish government to raise iGaming tax to 28% from 2021

Licensed online casino and sports betting operators in Denmark will have to pay significantly higher taxes from 2021.

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Philippines House committee approves offshore iGaming tax

Offshore online gaming operators licensed in the Philippines may soon be liable to a 5 per cent gross revenue tax under a legislative proposal that received House committee approval Monday.

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Philippines’ Department of Finance backs planned POGO tax

Philippine Finance Secretary Carlos Dominguez III has pledged his support to proposed legislation which would impose a 5 per cent franchise tax on revenue generated by Philippine Offshore Gaming Operators (POGOs) and their service providers.

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Tasmania to tax online betting at 15% from January

The Australian state of Tasmania has confirmed that the point of consumption tax on gambling which comes into force on January 1st, 2020, will be charged at 15 per cent of net revenue, prompting an outcry from the industry.

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Sportpesa ends betting operations in “over-taxed and unfair” Kenya

Kenya-based international sports betting provider Sportpesa has shut down operations in its home market and lashed out at the government for its hostile attitude towards the industry.

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Philippine Finance Secretary orders shut down of tax-dodging POGOS

Philippine Finance Secretary Carlos Dominguez III has directed the Bureau of Internal Revenue (BIR) to shut down Philippine Offshore Gaming Operators (POGOs) that fail or refuse to pay the tax liabilities of their foreign workers.

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