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Greece introduces flat iGaming tax rate in latest round of austerity measures

24th May 2016 9:25 am GMT

Greece’s parliament has approved a further round of tax hikes in order to unlock the next tranche of its European Union bailout loan, including a new flat tax on all online gambling products.

With the government looking to raise an additional €1.5bn in tax revenue, the variable tax rate for internet gambling products, currently between 30 and 35 per cent of gross gaming revenue, is to be replaced by a single 35 per cent rate.

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