ROMANIA

Romania enforces new tax on iGaming turnover

Several iGaming operators in Europe have been hit with new regulations this year, and Romania’s government was one of the territories in the continent to do so.

A new 2% tax on iGaming operators’ turnover has been effective since January 1, which is added to the existing 16% gaming gross revenue (GGR) tax.

The turnover tax has to be paid monthly by Romanian licensed iGaming companies in addition to the 16% GGR tax, which has been in effect since July 2015 when Romania opened the market to private companies.

The 2% turnover tax is expected to be used to help fund government spending. The measure was published in the Romanian Government’s Official Gazette as part of Government Emergency Ordinance (GEO) 114/2018.

The new measure also sets an additional €5000 fee for iGaming licensees and a €1000 fee on land-based operators. Every payment must be completed by the 25 of the following month, with the first one scheduled for February 25.

Source: focusgn

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