Gibraltar gambling tax rate cut to 0.15%

New regime will split B2B and B2C licences and have a fixed tax rate for both casino and sports betting

The Gibraltar government has announced a 0.85% cut to gambling taxes, reducing annual rates to 0.15% of gross revenue for both casino and sports betting. According to the Gambling Act 2005, fixed odds and exchange betting was taxed at 1% of turnover up to £42.5m, capped at £425,000 a year, while casino was taxed at…

Brexit | Gibraltar | Regulation | Tax