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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.
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Tim Chung Wins MPNPT Manchester -
The 288-runner £550 MPNPT Manchester Main Event today crowned its champion, awarding the bulk of the £150,000 total prizepool to the nine players surviving after two days of tournament poker at the Grosvenor Casino.
MPNPT Manchester Day 2 -
Day 2 of the £550 MPNPT Manchester Main Event saw 60 Day 1 survivors (from a total of 288 entries) and three intrepid last-minute registrants sit down to play to the final table.
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Day 1B of the £550 MPNPT Manchester Main Event saw the field rise to 285, as players took full advantage of the whole-day re-entry period.
Day 1A MPNPT Manchester -
The £150,000 guaranteed MPNPT Manchester kicked off today in style – 74 poker players from all over Europe arriving at the Grosvenor Casino to contend the first of two starting days
Kung Fu Rooster Slot Goes Live -
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3 New Betsoft Slots -
3 new Betsoft slot Games were also added this week to most online casinos allowing US players.
2017 Bodog Super Millions Poker Open -
The first events on the 105-tournament schedule have already been completed; there are three more tourneys on Thursday’s schedule, with a total of $34,000 in guaranteed prize money waiting to be won.
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