Organizers of Bingo, Keno Games in Bulgaria to Pay Gambling Tax

Business » FINANCE | December 5, 2014, Friday // 13:08| Views: | Comments: 0
  • Send to Kindle
Bulgaria: Organizers of Bingo, Keno Games in Bulgaria to Pay Gambling Tax

Bulgaria’s parliament on Friday expanded the scope of tax levied on games of chance to include bingo, keno and their varieties.

According to amendments to the Gambling Act adopted on second and final reading, the organizers of the newly included lottery games will have to pay a 15% turnover tax if betting is made in gambling premises or casinos.

In case of online betting, organizers will pay 20% tax on the difference between their revenue and winnings payouts.

Those tax rates apply to all other gambling games. Bingo and keno, however, were omitted in the amendments to the Gambling Act adopted by the previous parliament, thus allowing organizers of those lottery games to pay only 10% corporate tax.

The amendments are expected to bring additional five million levs a year in tax revenue.

Finance » Be a reporter: Write and send your article
Tags: Bulgaria, games of chance, lottery, bingo, keno, gambling act 
Advertisement All Are Welcome! Join Now!
Please, log in to post a comment.
» To the forumComments (0)
Bulgaria news (Sofia News Agency - is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." (Sofia News Agency - and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria