OPAP RESPONDS TO PROPOSED GAMBLING TAX

Wednesday November 18,2015 :  OPAP RESPONDS TO PROPOSED GAMBLING TAX

Will make black market more attractive.

Greece’s betting firm OPAP believes a new 5 percent tax imposed on wagers would deter punters from gambling and as such would fail to raise the tax revenues of between Euro 300 and 400 million per year that the Greek Government is forecasting.

The wagering tax along with a proposed tax on wineries would replace a 23 percent VAT rate on private education.

OPAP spokesman Odysseas Christophorou said the new tax would push punters to illegal gambling and hinted that OPAP could find relief through the judicial system.