Romania New taxes for gambling operators from 1 January 2019

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Romania: New taxes for gambling operators from 1 January 2019 Romania 03.01.2019 On 29 December 2018, the Government Emergency Ordinance 114/2018 (" GEO 114/2018 ”) adopting several tax measures for various industries was published in the Official Gazette. Online Gambling Laws in Romania. Romania’s stance on gambling has changed dramatically over the past century. Some estimates claim that the new taxes for online gamblers in Romania will decrease the online gaming revenue for legalized sites in the country by 4-6%. Gambling zones Gambling Zone "Sochi" Gambling zone "Crimea" Gambling zone "Yantarnaya" Gambling zone "Siberian Coin" Gambling zone "Primorye" "Azov-City" gaming zone. Contacts About company. Buy a ticket +74952121128. [email protected]. EN. About event . About event List of participants Become Participant Demo zone. On January 1, 2019, a new 2% tax on turnover from gambling went into effect. Originally, the plan was for a 5% turnover tax for online operators and a 3% rate for retail operations. However, both taxes were reduced to 2%. The first of the monthly payments was due on February 25. There are 22 online gambling operators in Romania. Given that land-based gambling activity had been suspended in Romania starting from March 16, 2020 until June 15, 2020 due to the COVID-19 outbreak, and has, thus, suffered serious losses, a few support measures have been taken in favour of B2C land-based gambling operators in terms of payment of taxes, such as: Romania: New taxes for gambling operators from 1 January 2019 CMS Cameron McKenna Nabarro Olswang LLP Gambling companies paid taxes of EUR 269 million last year, up by 71% compared to 2014, said Odeta Nestor, president of the National Office for Gambling Gambling firms in Romania pay EUR 269

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