Belgium Removes Online Gambling V.a.t. Exemption

It just became more expensive to operate in Belgium

The Belgian House of Representatives voted on July 1 to remove the broad-based value-added tax exemption enjoyed by the online gambling sector, according to a report in the publication Tax-News.
The change appears to be discriminatory; it would make all gambling and games of chance that take place online subject to VAT in the future, but maintains the exemption granted to lotteries and land-based gambling.
In a statement the Belgian Finance Minister, Johan Van Overtveldt, said that the implementation of the new law will not take place until August 1 2016 in order to give the online gambling industry time to prepare for the change. Originally, the amendment was to apply from July 1, 2016, but has been postponed.
Online operators are still required to pay 11 percent of GGR in tax.
The Ministry of Finance is to issue guidance for companies on the legislation.
The Belgian legal company Tiberghien has raised questions on the changes here:
http://www.wts.com/en/docs/TIBERGHIEN-848065-v1-newsletter_VAT_online_gambling.pdf

Online Casino News Courtesy of Infopowa

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Casinomeister

The man with the plan here at Casinomeister. Bryan Bailey has been running Casinomeister since its launch in June of 1998. He has watched the industry grow from its primeval stage to what it is now. The Meister has attended nearly 100 conferences in the past 20 years and has either been a speaker or a panel moderator for at least 60 events. He has always been an advocate of fairness and reason and is known to like German beer, a good Scotch, and astrophography.
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