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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
3 Top Bitcoin Poker Sites -
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Kentucky Derby Odds: Justify still Favorite -
With all the races on the Road to the Kentucky Derby complete, Justify is still on top of the odds list at 4/1. But he’s got company: Mendelssohn (9/2), Audible (11/2) and Magnum Moon (8/1) are all very much in contention for the big race on May 5.
888Poker Takes Over the States -
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The gambling ICOs that are being launched in 2018 are of better quality. Unlike the last half of 2017 when ICOs were numerous, the first few months of 2018 have seen a big drop in number.
MPN Poker Tour Bratislava | Day 2 -
It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.
MPN Poker Tour Bratislava Day 1B -
Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today
MPN Poker Tour Bratislava Day 1A -
The MPN Poker Tour has arrived in Bratislava for the very first time, bringing with it the Tour’s friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.
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