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Portugal’s government is planning to fix a new flat tax rate of 25% for all types of online gambling operators. The country currently follows a sliding scale taxation regime. That means the gambling companies currently have to pay tax at rates, which vary based on how much revenue they post and the type of gambling services they offer.
For example, companies operating online poker and casino games will have to pay a tax between 15% and 30%, while betting companies have to pay a tax between 8% and 16% on sports betting revenue. However, the proposals for the new Special Online Gambling Tax (IEJO), which is likely to come into force next year, are for implementing a 25% flat rate.
The new rate would replace the existing tax systems and represent a significant increase for operators offering online sports betting and enable the state to take more revenue from such activities.
Source: Latest News on European Gaming Media Network
