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Bulgaria expected to halve gambling tax rate, Robin Harrison EGR Magazine

Bulgaria expected to halve gambling tax rate, Robin Harrison EGR Magazine | Poker & eGaming News | Scoop.it

Reports from Bulgaria suggest that the country’s ruling Citizens for European Development of Bulgaria (CEDB) party is to cut the proposed rate of tax on egaming operators by half.

 

A member of the country’s Parliamentary Budget and Finance Committee told radio station Bulgaria on Air that a 15% gross profit tax (GPT) had been seen as too restrictive, and would dissuade private operators from entering the market: “… [N]o foreign operator would come to Bulgaria, because the taxation would be very high. In practice the tax in Bulgaria is twice bigger that in France or Malta.”

 

Other Sources:

http://www.gaming-awards.com/NEWS/archives/9339

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Bulgaria to issue gambling licences by July, Robin Harrison EGR

Bulgaria to issue gambling licences by July, Robin Harrison EGR | Poker & eGaming News | Scoop.it

Following the passage of legislation in the Bulgarian parliament in March this year, the founder and honorary member Bulgarian Gaming Association (BTAMOGI) has revealed that the first licences are likely to be issued by 1 July.

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