Czech Republic Moves On Gambling Tax
By Casinomeister, Last updated Apr 15, 2016
Online gambling market to be liberalised… but taxes are high
Wednesday saw politicians in the Czech lower house finally agreeing on a bill dealing primarily with gambling tax but also opening the online market to foreign companies subject to their meeting regulatory requirements.
The bill now moves to the Senate for further consideration, with the tax burden for slot operators increased from 28 percent of GGR to 35 percent, and for lotteries and sports betting unchanged at 23 percent.
The Reuters news agency reports that the Finance Ministry will be empowered to take action against unlicensed operators.
The increases are scheduled to be implemented in 2017.
Online Casino News Courtesy of Infopowa
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 astrophotography.
bryan@casinomeister.com
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