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