New 35% Greek Gambling Tax Approved
Posted: May 26, 2016
Updated: October 6, 2017
The fixed 35% Greek gambling tax rate is supposed to raise approximately EUR 54 million from online gambling.
The current, scalable 30-35% Greek gambling tax rate will be replaced with a fixed 35% tax rate from 2017. According to US gambling news, lawmakers are hoping to raise EUR 54 million just from the online gambling industry. The new structure will apply to all 24 operators that are present on the Greek gabling market.
Government increases Greek gambling tax to ease the country’s debt
The state-owned operator, OPAP, will match the new tax rate to comply with the European Union’s fair competition practices. The operators have expected the raise for some time. In 2015, information leaked about the government’s plans to raise Greek gambling taxes for debt relief.
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