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Israel Tax on Digital Products
Monday March 14,2016 : ISRAELI TAXMAN PLANS TAX ON DIGITAL PRODUCTS
And that includes online gambling.
The Finance Ministry in Israel is working on the draft of a new law that will require overseas businesses to register with the Israel Tax Authority and file tax returns, according to a weekend report in the newspaper Haaretz.
The draft includes international Internet companies who sell downloadable goods and services online in Israel, offer communications services or radio and television broadcasts, who will be required to charge value-added tax. That includes downloaded apps, software, music, games, television programs and films, online telephone and fax services, Web access ....and online gambling.
Haaretz uses Amazon as an example, noting that the ecommerce giant would have to charge VAT of 17 percent on Israeli orders for e-books, and that travel reservation companies would also have to charge VAT on their internet services.
Israel is not acting in isolation; an Organization for Economic Co-operation and Development tax initiative was launched last year in response to international governmental concerns about the growing volume of global ecommerce sales on which no taxes are currently being paid, particularly on products bought by consumers from sellers outside their home jurisdiction.
"In 2014, business-to-consumer e-commerce sales were estimated to exceed $1.4 trillion – an increase of nearly 20 percent from 2013. The OECD said B2C sales were expected to reach $2.4 trillion by 2018," Haaretz reported.
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
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