Regulation

Portuguese government scraps GGR tax plans

Plans for a 25% tax on GGR instead of turnover were removed from Portugal’s final 2019 budget

Plans to swap Portugal’s turnover tax on online gambling to one on GGR tax have been removed from Portugal’s 2019 budget. The proposal would have seen the replacement of the current taxation rates of 15-30% for online casino revenue and 8-16% of sports betting turnover, with a new unified rate of 25% on GGR. However,…

Financial | Portugal | Regulation | Tax changes

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