Reports
MARKET REPORT: PORTUGAL
If approved these proposals which are included in a 2018 budget plan could be developed into a set of regulations by SRIJ. Tere are no proposals as yet to change the tax amount even though this is undergoing re-evaluation from the SRIJ and any changes should be presented to the government by May 2018. Tis could look at the problem of taxation on turnover rather than GGR
for licensed companies and there are calls to change this.
Meanwhile in November the government put forward a number of proposal changes in its State Budget Proposals for 2018 which included several amendments to the Online Gambling Law. Tese include:
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a proposal for licensed operators to share its gambling platform to provide online gambling and betting games to players registered with Portuguese sites in other regulated countries
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to provide online gambling and betting games between players registered in Portugal and players outside Portugal where liquidity sharing is permitted. Tis will not only apply to poker, a sector which is already expanding through a shared liquidity deal with France, Italy and Spain, but also sports betting.
Tax changes are also suggested specifically P50 NEWSWIRE / INTERACTIVE /
247.COM
looking at the spend online gambling tax on fixed odds sports betting and where this is allocated.
It proposes an increase in the tax allocation for the state from 2.28 per cent to 3.17 per cent whilst also increases the amounts for certain ministry allocations.
If approved these proposals which are included in a 2018 budget plan could be developed into a set of regulations by SRIJ.
Tere are no proposals as yet to change the tax amount even though this is undergoing re- evaluation from the SRIJ and any changes should be presented to the government by May 2018. Tis could look at the problem of taxation on turnover rather than GGR.
Te RJO regulates fixed odds sports betting odds, totalisator/pari-mutuel and fixed odds horse racing, quota bets and games of fortune or
chance (such as Baccarat, Blackjack, Punto y Banco, roulettes, bingo, online slots and poker).
Licences can be given to limited liability companies or equivalent with registered offices in EU member states or an EEA state. Licences are issued for three years (renewable).
Security deposits of €500,000 must be issued for legal obligations plus €100,000 for collateral for special online gambling tax (IEJO). Websites must be set up with a .pt domain.
Te IEJO tax rate on casino games and poker is between 15 and 30 per cent on gross gaming revenue. Of this tax 77 per cent is given to the Portuguese Tourism Association, 20 per cent to the state, 2.5 per cent to the Cultural Promotion Fund and 0.5 per cent to the SICAD (gambling addiction programme).
Te IEJO tax rate on sports betting is between eight and 16 per cent on gross gaming revenue.
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