Online operators in Italy may see a tax relief during Q1 2015 with tax based on gross gaming revenue as seen with online casino and poker.
It is believed that this will help Italian operators to compete with overseas competitors.
Rather than taxing turnover there will be 20 percent tax rate applied to gross gaming revenue across all betting products.
The sportsbook industry is also in for a big change that will see the regulator step aside from determining which bets may be accepted. The official list of accepted wagers, the "palinsesto ufficiale," is to be thrown out giving operators more say.
jade
9 years ago
All fair, legitimate operators should have a fair shot competing with other fair, legitimate operators. It is good to see that Italy is willing to make changes that will allow these operators a better chance to have a successful business.
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catapultaudio
9 years ago
Sounds like a fair change in the law for italian businesses operating in this sector - I can't see how they could hope to compete if their turnover was taxed as opposed to gross revenue.. I wonder what made the Italian government choose to implement this though? Theres so much rumour about that administration being hopelessly...
Sounds like a fair change in the law for italian businesses operating in this sector - I can't see how they could hope to compete if their turnover was taxed as opposed to gross revenue.. I wonder what made the Italian government choose to implement this though? Theres so much rumour about that administration being hopelessly corrupt, backhanders seem likely!!
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