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More reasonable approach to taxation for Italian Online Gambling
Sunday March 1,2015 : BETTER TAX AHEAD FOR ITALIAN ONLINE GAMBLING OPERATORS
Less interference in betting categories, and a more reasonable approach to taxation on the cards in Italy.
The first quarter of 2015 could see a more understanding and reasonable taxation regime for online gambling operators in Italy, with better wagering options and the replacement of the heavy taxes currently levied on turnover in some categories with a more sensible tax based on gross gaming revenue as is currently applied to the online poker and casino verticals.
The moves are believed to be motivated by a desire to enable Italian operators to better compete with international rivals.
New arrangements include a shift from taxing turnover in some categories to imposing a maximum 20 percent tax rate based on gross gaming revenue across all betting products.
Flexibility is built into the new approach, which permits a reduction in the 20 percent rate if necessary and depending on market performance.
Sportsbook operators will also be pleased with changes planned for their category, namely the end of interference by the regulator in what bets may be accepted. The process of having an official list of accepted types and markets for wagering, the "palinsesto ufficiale," is to be abandoned, giving operators greater competitive freedom.
Whilst the online poker vertical in Italy continues to struggle with weak performance, online casino activity is rising and sports betting revenues are up.
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