Italian Operators Expect Tax Raising

Home » Italian Operators Expect Tax Raising
January 10, 2022
3 minutes

Italian gambling operators protest against the government’s decision to increase taxes on gambling and reduce payments to customers.

Italian operators expect tax raising

Italy’s coalition government inflicted the last blow to the gambling industry in the form of increasing taxes on gambling and reduce payments to customers. The changes were made to the so-called maxi-amendment to the budget maneuver, which is finally not yet approved by the parliament.

Among the main proposed changes – increased tax on online casino from the current 20% to 25% starting january 1. The government declares that the increase will bring an additional state €50 million annual income.

Profit from online betting will be taxed at a rate of 24% (at the moment – 22%), while terrestrial bookmaker companies will encounter a rise in two points – up to 20%. Virtual rates tax increases to 22%. It is expected that such an increase will cost operators in additional €30 million per year.

Earlier, the government announced a plan to increase the terminals tax for video solver (vlt) and gaming machines with prizes (awp). It wills planned that the increase will occur in two stages: september 1, 2019 – 0.25% and another 0.25% on may 1. Now it is planned to increase the tax on both categories in the amount of 1.25% from january 1, while the minimum payment of customers for awp is reduced by one item – up to 69%, and for vlt – 0.5 point, up to 84.Five%.

The attitude of the government of italy to the gambling industry is reflected in the comments of the minister of economy of giovanni triah, who stated rai radio stations that the cabinet of minisers is fighting with a reduction in budget deficit and «found additional resources together with gambling taxes, and the task decided».

Moreno marasko, president of the italian association of gaming operatorslogico, expressed «extreme concern» regarding the proposed changes. He stated that the government will only push the italians to find more favorable conditions from international operators who continue to serve the italian market without licensing.

Maraco compared the approach of italy with spain, which recently announced a decline in tax rates on online gambling for five points. Marasko openedly stated that the true intestanion of the government «reduce the number of operators» on the adjustable market of italy.

Zheronimo cardia, president of the italian association of acadi gambling, was also alarmed by new proposals. He called on the government to conduct an in-depth analysis of the impact of these changes on local operators.

Recall that italian licensed operators are already preparing for a ban on advertising and sponsorsip, which will come into force on january 1, 2019.

How do you rate Italian Operators Expect Tax Raising ?

Your email address will not be published. Required fields are marked *