Bulgarian Parliament increases tax on gambling
27/11/2009, Casino
Bulgarian Parliament voted to increase the tax on gambling activity from 10% to 15% at the second reading of the Corporate Income Tax. The amendment was approved by all 149 Mps.
Bulgaria's Prime Minister Boyko Borisov declared himself for a gambling tax of 15%.

Gambling on sports is taxed at 10% of revenue, while other games of chance, such as lottery, casino games, bingo, are taxed with 12% in present.
The new tax on gambling machines and roulette tables will be increased from the 1st of January 2010. Gambling operators protested against this decision, saying that even the smaller rise to 12% would have brought a BGN 500 million loss for the budget and they hopped the new tax would bring a slump instead of a growth in revenue.
The Bulgarian Parliament voted at first reading on the 4th of November 2009, for an increase of the tax rate on gambling activities from 10% to 12%. The tax rate on gambling was raised two years ago from 8 to 10%.

“Under pressure by an unbalanced Finance Minister and Ivan Kostov, an outright liar and the father of corruption in Bulgaria, a genocide against the Bulgarian business is being performed. This is not just with respect to gambling, this is a genocide against the whole business sector in a time of crisis,” said Vasil Bozhkov, the richest Bulgarian businessman, involved in the gambling business.

Related news



Search!


Best bonus

Newsletter
Name
Email
Code anti-spam
         Unsign
 
Links
Let's Meet The 2011 WSOP November Nine
ARJEL Suspends Full Tilt's French Licence
Poker Players To Sue Full Tilt Poker and FTP Pro Team
UK Mobile Gambling Market Hit £41 Million In 2010
UK Gambling Act 2005 Under Review
Ghost Train
The Gold Rush
Aristocrat
Cats and Dogs
The Fruity Machine
All About Online Multi-Hand Blackjack
Poker Film Hitting The Nuts Available On DVD
People Spend 10% Of Their Online Time Playing Games
Risky Gambling Linked To Media Exposure
Gambling Luck May Be In Your Genes
Class 1 Casino
Titan Bet
Imperial Casino
Everest Poker
Casino Everest
Learn How To Play Baccarat
Gus Hansen Teaches You How to Play Backgammon
Gambling Man by The Overtones
Swedish Lukas Berglund Becomes Youngest WPT Champion
Gambling Cat Playing Shell Game
Home - Last News - Free Games - Articles - Casinos online - Poker online - Videos - Contact - Rss Feeds -
© Copyright 2009-2010 virtuacasinos.com All right reserved