Brazilian President Jair Bolsonaro has signed a law that will alter the country’s sports betting taxation system to a revenue-based one. President Jair Bolsonaro Signs New Sports Betting Taxation Law Last week, Brazil’s Official Gazette published Law No. 14,183, of July 14, 2021, which changes the rules on sports betting taxation. The new law modifies Chapter […]
A long-running legal battle between Kenya’s government and the gambling industry might be coming to an end. Uhuru Kenyatta, the country’s president and a staunch gambling opponent, seems to be softening his anti-gambling stance, approving a new tax rate on gambling wagers that should appease the gaming industry. Instead of the 20% that had previously […]
Germany’s controversial 5.3% turnover tax on online slots and poker received the approval of the parliament earlier this week. German Parliament Approves 5.3% Tax on Online Slots and Poker Back in March of this year, Germany’s new State Treaty on Gambling (GlüNeuRStv) was approved by lawmakers. Since then, the new regulation has received the approval […]
Soccer in Kenya is facing new troubles as the government is preparing to reintroduce a once repealed 20% excise tax on sports gambling. Excise Tax on Gambling to Be Reintroduced in Kenya Kenyan soccer clubs are once again in a pickle after the National Treasury and Planning Cabinet Secretary Ukur Yatani said that a previously repealed 20% […]
State and local budgets in Ukraine may be adversely affected by the proposed flat tax rate on gambling revenue in the country, a parliamentary committee warned, asking the government to consider subsidies to address the deficit. High Taxes will Minimize Consumption The Scientific and Expert Management Committee of the Ukraine Parliament argued that there is […]
An assemblyman from Atlantic county proposed an amendment to the second measure, known as the PILOT bill, and then retrieved it, stating it needs more refinement. Atlantic City Casinos Could See a Change in PILOT Bill On May 5, assemblyman John Armato from Atlantic County introduced changes to the casino payment-in-lieu-of-taxes bill (PILOT), aiming to […]
A bipartisan bill aiming at repeal of federal excise tax on legal sports betting was introduced yesterday. Bill co-founders are Rep. Dina Titus (Nevada) and Rep. Guy Reschenthaler (Pennsylvania). The Repeal of Federal Excise Task Was Proposed Yesterday Yesterday, Friday 24, a repeal of the federal excise tax was proposed by a bipartisan legislation. The […]
