Portugal’s government could introduce a new flat tax rate of 25% on all types of online gambling revenue, replacing the current sliding scale system. At present, operators pay tax at various rates depending on how much revenue they post and the type of gambling services they offer. Portugal’s online gambling tax regime is one of Europe’s highest and the government has so far turned a deaf ear to operators’ pleas for some kind of tax relief. GamblingCompliance Regulatory Briefing: Portugal’s New Online Gambling Law With the participation of the Portuguese Gambling Regulator – SRIJ (speaker TBC)An in-depth look at the country’s new gambling regulation and what it means for the industry14th October 2015, Hotel Myriad, Lisbon, PortugalThe final requirements needed to start the online licensing procedure in Portugal Under Portuguese law, online sports betting services are taxed at between 8% and 16% on turnover, while online casino games and poker licensees pay a 15% to 30% tax on their annual revenues. The association’s main complaint is that the tax law that are in place right now are very punitive and slow the growth of online gambling in the country. This plea comes after a recent report revealed that 75 percent of online gamblers in Portugal prefer to play outside of the regulated Portuguese gambling market. This means that their wagers Gambling was legalised in the UK in 1968 with the introduction of the Gambling Act. In 2005, the act was amended to include regional and online casinos. Casino operators pay 2.5-40% of their gross gaming revenue. Online gambling. So you might be wondering, do I have to pay tax on my online gambling winnings? This will depend on your location. The Special Online Gambling Tax (IEJO) in 3Q2020 reached €28.3 million, up by 31.7% year-over-year. In April last year, Portugal introduced limits on access to online gaming platforms after noting a surge in consumption after the country declared a state of emergency on March 18. Online gambling is subject to a special online gambling tax, known as IEJO, which varies according to the following: i) In games of chance (including poker and bingo), the IEJO rate is 25%. In poker and bingo the IEJO is levied on the fees charged by the operator and in the other games of chance on the GGR. Portugal's controversial new online gambling tax came into force at the end of June, prompting a number of online gaming providers to exit the country. Under the new regime, the gross revenues of companies providing online gambling services will be subject to a 15 percent tax if their annual income is less than EUR5m (USD5.48m). “The current online gambling law in Portugal rightly allows multiple online gambling operators to obtain a license and provide their services to Portuguese citizens who wish to place a bet online. In the online environment this is the best way to ensure that Portuguese players can play on licensed and regulated gambling websites – and that
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