GVC holdings to challenge Greek government on back tax

29 Jan 2018

gvc holdings challenge Greek governmentGVC Holdings, the parent company of Sportingbet, Bwin and various other sports betting subsidiary sites have announced they will file an appeal against the Greek government, following a tax request at the amount of €186.77. According to the Greek finance ministry, this request concerns unpaid taxes from Sportingbet during the period of 2010 to 2011, a brand that was acquired by GVC in 2013. Although GVC has not challenged the tax altogether, they claim that this amount does not represent Sportingbet's revenue in that period.

GVC has provisionally agreed to enter a payment scheme of €7.8 million per month for the next 24 months in order to maintain their local license in Greece, however, according to a company spokesperson, they will try to recuperate their losses as soon as the court rules in their favor. This has been put forth crystal clear as per the following statement “entering into such an arrangement is not an admission that the Assessment is correct and the Group will seek to recover such payments". What remains unknown for the moment is when the case be will be assesed by a court of law and how will each side respond to the ruling.

Join and grab exclusive bonuses, daily offers and free bets!

Lay hands on exclusive daily bonuses for members only. These promos are limited and are not advertised on the website.

Yes, I have read the Terms & Conditions and I consent to receiving emails from Bookmakers.bet regarding betting promotions, betting guides and news.

BOOK SPY

The online sportsbook Vbet has extended the partnership with AS Monaco for three more years until 2025. The deal, which began in 2020, will allow the ...

Read more »

The Ministry of Culture and Gender Equality in Norway has begun consultations to introduce a new Gambling Act to replace the Lottery Act, the Totaliza...

Read more »

The online gaming giant Entain, the owner of brands like Interwetten, has won the Advanced Safer Gambling Standard award by GamCare for providing play...

Read more »

One of the pioneers of online betting, Interwetten, has signed a new regional long-term sponsorship deal with English football giants Liverpool FC. Fa...

Read more »

The global online sportsbook 1xBet recently paid out some big winnings. A bettor from Yaounde, Cameroon, signed up with the bookie and placed a 12 eve...

Read more »

The international online sportsbook NetBet has added Apple Pay as a payment option for French players giving locals another top-notch method for depos...

Read more »

The online gambling operator Kindred Group, which incorporates several brands like Unibet, has announced that it will further contribute to the mental...

Read more »

The Treasury of Kenya has published the 2022 Finance Bill, which re-introduces the controversial 20% tax rate on wagering stakes. Despite the protests...

Read more »

The international gaming operator Vbet has joined the International Betting Integrity Association (IBIA), adding to the platform’s global integr...

Read more »

The state-owned gaming operator in Finland, Veikkaus, has agreed on a double partnership with the Football Association of Finland (SPL) and the countr...

Read more »

LATEST BOOKMAKER PROMOTIONS