Bulgaria Gambling Act Passes Final Reading

Lawmakers set online gambling tax at 15 percent on the difference between wagers and pay-outs

Bulgarian lawmakers passed amendments to the country's Gambling Act in its final reading Friday, expanding the scope of the tax provisions to include lottery organisers, bingo, keno and similar genres.

Lottery organisers will pay 15 percent on turnover if the lottery is held in casinos or on other gambling-specific premises, whilst online gambling, keno and bingo operators will be required to pay tax at 20 percent on the difference between revenue and winnings paid out.

The Novinite agency reports that the amendments are expected to deliver an additional five million levs a year in tax revenue.

In related news, the Bulgarian State Commission on Gambling added another ten sites to its unauthorised operator blacklist, including domains operated by Digimedia, Annexio and BetUS, taking the total on the list to 323.

Online Casino News Courtesy of Infopowa

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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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