The Bulgarian parliament approved an amendment to the country’s Gambling Act Wednesday that will make locally licensed operators subject to a tax on gross gaming revenues, as opposed to the previous turnover tax that was seen to have deterred operators from applying for a Bulgarian licence.
From 2014, licensed gambling providers will be taxed at 20 per cent of gross gaming revenues (GGR) with an initial licence fee of BGN100,000 (€50k), instead of the previous 15 [...]
