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After collecting 4,600 signatures, Portugal’s National Association of Online Gamblers (ANAon) have confirmed that they will present a memorandum to Portuguese parliament, asking for lower tax rate in online gambling.
This strong petition will be presented to the Assembly of the Republic and the Portuguese finance ministry, in order to persuade the government to reduce the 30% tax, in order the local market to become fairer than it is at this point of time.
What Is the Change Proposal?
The betting operators pay taxes of 8% on their turnover and 16% on their revenue.
ANAon argues that the current legislation and model of taxes have failed, almost the last three (3) years since 2015, based on not being able to attract many betting operators entering the market.
They also ask for a review on the current system, focusing on the gross revenue rather than the number of placed bets.
Since nowadays Serviço Regulação e Inspeção de Jogos do Turismo de Portugal (Regulatory and Inspection Service of Games and Tourism in Portugal) have only issued seven (7) online gaming licenses and three (3) for sports betting.
The number is really low, but despite this fact, SRIJ announced an increase of 13.7% for the first three (3) months 2017 revenue, rising from from US$30m in Q4 2016 to US$35m in Q1 2017.
