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5% reduction in gambling taxation in Spain

2 Jul 2018

The news that came out from the Spanish parliament just a few days ago was great for all the gambling operators offering their services in the Iberian country. According to the 2018 budget, there are going to be lots of important cuts in taxation concerning the gambling industry. The reason is obvious since the government aims to attract as many more operators as possible.

Spain's Decision Welcomed by Stakeholders

The number is impressive since a 5% tax reduction is underway after the 2018 budget was passed in the parliament. This reduction is going to apply to fixed-odds sports betting, other fixed-odds betting, fixed-odds horseracing, betting exchanges, as well as other games, including online casino games, bingo and poker. To be exact, taxation is about to be transformed from 25 per cent to 20 per cent.

On the other hand, there was an increase in taxation concerning pari-mutuel horseracing and pool betting, rising from 15% to 20%. It is sure that those changes in the taxation rates will be most welcomed by the operators, which have been looking for more reasonable tax rates, a matter that has been in discussion since last April. And now this important change for the Spanish gambling industry seems like it is going to be on its way.

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