It is not only the French market that has an absurd system of taxation, which imposes the operators on the bets and not on the Gross Product of the Games (Mises-gains). Portugal is also based on the same calculation method for sports betting. The consequence is dry for the operators: the taxes represent a colossal amount. Betclic, the first operator Sports Betting to have traveled Portuguese soil at the opening of the market in May 2016, announced that 66% of its revenues were destined for the government.
An aberration. The aberration of the Portuguese tax system It seems crazy to think that an online operator can pay up to 2/3 of its revenues to the government. This Monday, the National Association of Online Gamblers (ANAon) announced that it would present a petition of 4,600 signatures of players disgruntled by the level of taxes. Portuguese online casinos must pay 15% on annual turnover when they generate less than € 5 million. This rate can be up to 30% for the maximum tranche.
Concerning the operators of sports betting, it is worse since they are taxed up to 8% on the first 30 € million bets, rather than being taxed on turnover or PBJ.
An aberration. The aberration of the Portuguese tax system It seems crazy to think that an online operator can pay up to 2/3 of its revenues to the government. This Monday, the National Association of Online Gamblers (ANAon) announced that it would present a petition of 4,600 signatures of players disgruntled by the level of taxes. Portuguese online casinos must pay 15% on annual turnover when they generate less than € 5 million. This rate can be up to 30% for the maximum tranche.
Concerning the operators of sports betting, it is worse since they are taxed up to 8% on the first 30 € million bets, rather than being taxed on turnover or PBJ.
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