Portugal Begins Review of Gambling Taxation Laws

As one of the most liberal countries in Europe, Portugal is often at the forefront of intelligent decisions. They tend to be a country that looks to help the cause, rather than punish the problem. From their mature stance on drug use to their generally open and fair society, many people enjoy life in Portugal. One set of people who often find Portugal to be quite regressive, though, are online casino gamers. At present, you pay a hefty gambling tax in the country – but this might be about to change after much review.

The Portuguese government is in the idle of a full root and branch review of its online gambling industry. There’s also a lot of requests to look at how the industry is taxed. The new gambling laws came into action in 2015, and since then the market has undergone a massive chance. The first license to be given to a foreign company came in May 2016, with 16 licenses in total given out since then.

Online betting services presently pay around 16% on their turnover, with online casino games paying 15-30% tax on their revenue. These large taxes are some of the highest in Europe and has had a negative impact on player channelization. The current review is going to take place over the next 30-days and could come back with a list of recommended changes. This, then, could be the start of another significant change to the Portuguese market.

6 Responses to “Portugal Begins Review of Gambling Taxation Laws”

  1. 305310 281605Today, I went to the beach front with my kids. I found a sea shell and gave it to my 4 year old daughter and said “You can hear the ocean if you put this to your ear.” She placed the shell to her ear and screamed. There was a hermit crab inside and it pinched her ear. She never wants to go back! LoL I know this is entirely off topic but I had to tell someone! 364246

  2. 500555 679559Excellent publish from specialist also it will probably be a fantastic know how to me and thanks quite significantly for posting this valuable data with us all. 910686

  3. 146874 862471Appropriate humans speeches should seat as nicely as memorialize around the groom and bride. Beginer sound system about rowdy locations should always not forget currently the glowing leadership of a speaking, which is ones boat. greatest man speeches brother 635979

Leave a Comment

Copyright © 2019. All Rights Reserved. GambleAware.co.uk 18+. SevenSpins.com