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Bulgaria To Reduce Online Gambling Tax
Tuesday October 22,2013 : GOOD NEWS FROM BULGARIA ON GAMBLING TAX
Parliamentarians intend to reduce proposed online gambling tax rate.
Following closely on the heels of a Bulgarian operator trade association's complaints that proposed taxes on internet gambling are too high comes news from the publication Novinite that Parliament intends to lower taxes on remote gambling in order to stimulate offshore registered operators to register and pay taxes in Bulgaria.
Sports betting operators have repeatedly complained that the current tax rate of 15 percent too high, and will drive operators to register at more tax-friendly jurisdictions, denying the government taxes and job creation.
“The present taxation regime on internet gambling needs to be liberalised in a way that will attract foreign registered operators to register themselves in Bulgaria and pay their taxes here”, Yordan Tsonev, an MP from the Turkish Movement for Rights and Freedoms and chair of the parliamentary budget committee told “Kapital Daily”.
He added that at present some online betting companies prefer to register in offshore taxation havens to sidestep Bulgaria’s gambling taxes and are operating in the grey area with no license, but a decrease of the taxation rate would attract them to enter the Bulgarian market officially and to pay their taxes in the country.
Earlier this week Bulgaria's State Commission on Gambling added another ten websites to its blacklist of illegal online gaming operators, bring the total number of blacklisted domains to over 150
Gambling News :
Live Dealer Now At Slotocash -
Live Dealer can be found in the left navigation menu under 'Live Dealer' when you, the player is logged in to instant play.
Betradar Launches US Sports Betting Solutions -
With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.
Final 12 For MPNPT Morocco -
Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).
MPNPT Morocco Updates -
Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.
MPN Poker Tour Morocco Day 1A -
The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.
2018 MPN Poker Classic -
The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.
PDC and Sportradar Renew Deal -
Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data
Poker Yaar Joins MPN -
Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.
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