European countries had been a confusing place to do gambling business in 2015. Video Gaming regulations in the EU lacked harmony, inspite of the most useful efforts of the European Commission.
Europe faced a boatload of regulatory issues this year. No question, 2015 was a challenging 12 months for online gaming operators within the EU, as tighter laws from many countries created a more and more fragmented landscape that is regulatory.
From taxation amounts to player pools, Europe stays an unharmonious online video gaming space.
Meanwhile, the new EU tax on digital services, in addition to the UK point of consumption tax, squeezed operators’ margins and ushered in an interval of consolidation for the gambling industry.
Several countries decided on to regulate online gambling and start their markets up to international operators, increasing the tax hassle for businesses who wanted to engage these brand new licensed markets.
Hoping to raise some tax that is much-needed, Portugal’s cash-strapped government signed its brand new online gambling bill into law in June, but the brand new regime’s taxation demands were criticized by the industry if you are overly complex and punitive. That’s because casino and poker revenue happens to be taxed between 15 percent and 30 percent based on an operator’s yearly income.
Portugal’s decision to permit the state that is former to spend as much as 50 percent less taxation t Continue reading