Bulgaria To Lower Online Gambling TaxFifteen Percent Rate To Fall To Six Or Eight Percent |
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The Citizens for European Development of Bulgaria group (CEDB) has said the online gambling tax levied on operators in the country was to fall from 15 percent to six or eight percent according to Focus-Fen.net.
The move is as a result of the realization within the country that the high rate was a significant barrier to entry for foreign operators.
A source from the Parliamentary Budget and Finance Committee said, “… no 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.”
In March this year the Bulgarian parliament passed a law to block foreign online gambling operators ahead of expected regulation in the market.
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