Portugal will amendment the country’s gambling laws in 2018, according to local media reports. The goverment has put forward a number of proposed changes to online gaming tax and regulations.
As per the proposed changes to online gaming tax, the tax for the State will raise from 2.28% to 3.17% and the allocation for the ministry responsible for promoting social policies will increase from 34.52% to 48.05%.
Currently, the country taxes sports betting operations at 16% on turnover, and casino operations, including online poker, at 30%.
According to the proposed changes to the current Online Gambling Law, the government is considering the legalization of national and international liquidity for different iGaming and betting services.
“The State Budget Proposal includes amending the law to allow licensed operators in the country to share their gambling platform to provide and promote online games to players registered with different sites in the country,” Betting industry entrepreneur Ivo Doroteia, revealed in a LinkedIn post.
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29 October 2020