5% reduction in gambling taxation in Spain

2 Jul 2018

The news that came out from the Spanish parliament just a few days ago were 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 in attracting as many more operators as possible.

The number is impressive, since a 5% tax reduction is under way, after the 2018 budget passed in the parliament. This reduction is going to apply on 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 the taxation is about to be transformed from 25 percent to 20 percent.

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

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

Renowned bookmaker Betvictor has agreed with Newbury Racecourse to become its main sponsor for 41 races in 2021, including popular events, such as the...

Read more »

Betfair announced that it has launched a new service called ‘MatchMe’. It acts as a betting advisor and allows players to edit their bets on the excha...

Read more »

The Russian-licensed betting site of Bwin, Bwin.ru, has stopped its operations in the Russian market. Last weekend, players from Russia were being dis...

Read more »

The Malta Gaming Authority (MGA) has announced that seven bookmakers have been removed from its list of licensees during the first half of 2020. The c...

Read more »

The renowned bookmaker Parimatch has been approved to acquire a license from the Ukrainian gambling regulator, the Commission for the Regulation of Ga...

Read more »

Every day we get bombarded by dozens if not hundreds of extravagant remarks by various online sportsbooks claiming to be the best when it comes to odd...

Read more »

Betfred has agreed to become the title sponsor of 2021 Challenge Cup, Women’s Challenge Cup and Wheelchair Rugby League Challenge Cup. Betfred has bee...

Read more »

Betfair recently secured an operating license from the Colombian betting regulator Coljuegos. This license allows the renowned bookmaker to operate le...

Read more »

Betzest has signed a deal with Zimpler, one of the most renowned payment methods. Zimpler is especially popular in Finland, and it offers bettors inst...

Read more »

Bet365 CEO Denise Coates and her family have topped the British taxpayer list, for a second year in a row. According to the recently published UK Tax ...

Read more »

Latest Betting Offers