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BULGARIA APPROVES ORIGINAL ONLINE GAMBLING TAX RATE
11/18/2012 : BULGARIA APPROVES ORIGINAL ONLINE GAMBLING TAX RATE
Reconsideration of 50 percent cut in proposed turnover tax not forthcoming
Bulgarian Finance Minister, Simeon Djankov's March 2012 proposal to impose taxation on all bank deposits and forms of income was passed in the Bulgarian Government's State Budget 2013 session along with a ruinous 15 percent tax on gambling operator turnover despite what was thought to be a reconsideration of the rate in May 2012 following the first reading of the amendments to the VAT Act to a rate of 7 percent.
The second reading, however, has reportedly approved a 15 percent rate of tax on conventional and online gambling turnover which was adopted by Parliament without any debate according to the Sofia News Agency's Novinite.
Bulgaria's State Gambling Commission is expected to begin filtering and blocking unlicensed gambling websites in March 2013.
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4 New Microgaming Releases in May 2017 -
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PKR Company Statement Update -
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Microgaming Wins The Spark Award 2017 -
The Spark Award celebrates organisations that experiment with ways of working differently. Previous winners include GCHQ and Places for People. It’s a part of Spark the Change, a global movement dedicated to empowering people and building happier workplaces.
NHL Predators First Ever Conference Finals Appearance -
With three of the team’s top four point scorers residing on the blueline, the Nashville Predators have found a strategy that frustrates even the best in the West. After qualifying as the lowest-seeded Western Conference team, the Predators made quick work of the Chicago Blackhawks (4-0) and St. Louis Blues (4-1) in the first two rounds.
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