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Romania Amending Gambling Tax
Thursday January 1,2015 : ROMANIA SET TO AMEND GAMBLING TAX REGIME
Emergency draft ordinance approved by Government
According to the Romanian National Office for Gambling (RNOG), Romania’s Government approved an emergency draft ordinance for the regulation of gambling earlier this week.
Odette Nestor, president of the RNOG said provisions in the ordinance include a switch from posting tax in RON to EURO, protection of the under-aged with reference to remote gambling and dispensing of the requirement that operators be Romanian nationals, all provisions Nestor believes bring Romania in line with the European Commission’s requirements.
“Through this ordinance, the Government has managed to regulate the online gambling sector, which was regulated in 2010, but not completely,” Nestor was quoted by Agerpres.
“We now have a legal framework that allows gambling operators to get licensed in Romania, and through this licensing, we will protect minors and Romanian players.”
According to Romania Journal, the Government intends imposing taxes on gambling gains below EUR 133, a threshold previously exempt from tax.
The existing 25 percent flat tax rate levied on gambling and lottery gains is expected to be replaced by a progressive tax level that will apply to all gains on a daily basis.
- 1 percent tax levied against winning amounts cashed out below EUR 15 000;
- 16 percent tax against winnings from EUR 15 001 to EUR 100 000; and
- 25 percent tax on all winnings over EUR 100 000.
Gambling operators will be required to declare winnings to the State, while online gambling, slot machine, draws and poker tournament winners will be required to declare their revenues to the State tax authority each fiscal year.
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.
New MPN Poker Rooms Tower Torneos -
Impressed with Microgaming, having already integrated with the Quickfire platform to gain access to some of the industry’s best gaming content, Tower Torneos has extended the relationship with poker.<
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