Operators welcome new Italian horseracing tax

A horseracing tax switch from turnover to gross gaming revenue for 2018 could reinvigorate the sector according to domestic operators

Italian operators have hailed a new tax rate for horseracing betting in the country that could help reinvigorate the sector. Horseracing bets were previously taxed on a turnover basis, but a new law, active from 1 January 2018, means taxes on the sport will now come from gross gaming revenue (GGR), set at 43% for…

Horseracing | Italy | Regulation | Snaitech