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Bulgaria slashes gaming tax in bid to strengthen regulated market

5th December 2013 9:40 am GMT

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 [...]

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