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

1Xnews, the official portal of 1xBet, has announced an agreement with football club Goa of the Indian Super League. The deal is for the 2021/22 season...

Read more »

The Premier League’s football club Chelsea and its partner, the renowned bookmaker Parimatch, have launched their brand new campaign named ‘The Chosen...

Read more »

According to recent research, gambling-related companies are the most common form of shirt sponsors in European football for another year. Over one fi...

Read more »

Despite the new regulation in Germany and the Netherlands LeoVegas, the Nasdaq-listed group, announced a 12% increase of its total revenue in the Q3 t...

Read more »

After the new agreement that the Union of European Football Associations (UEFA) and Sportradar announced, the sports betting data provider will be an ...

Read more »

The government of Sweden announced that the harsh online gambling restrictions that include a SEK 5,000 (i.e. £424/€491/$600) monthly deposit cap will...

Read more »

Entain has created an exclusive content for Formula 1 fans and will cooperate with McLaren. Via its Partypoker Sports brand, the sports betting group ...

Read more »

The Gaming Control Authority, a part of the Ministry of Finance of Lithuania, announced that it issued a warning to every sports betting company opera...

Read more »

The English football club, Queens Park Rangers (QPR) made a new agreement for a sponsorship with Gamstop. From now on QPR will dedicate matchday and p...

Read more »

According to data from the regulatory authority of France L’Autorité Nationale des Jeux (ANJ) the online sports betting sector in the country made a r...

Read more »

LATEST BOOKMAKER PROMOTIONS