SERBIA

Serbia to raise online taxes and offer more land-based casino licences

Serbia’s Minister of Finance, Siniša Mali, has introduced a new bill, to replace the 2011 Gambling Act, in the country’s National Assembly.

The regulations in the new bill include increasing Serbia’s tax rate for online gambling, from 5% of gross revenue for all verticals, to 15% for online betting and 10% for other games.

In a response to public input on a draft of the bill, the Ministry of Finance said that the higher rate for betting was due to the fact that 75% of turnover from betting in Serbia comes from online bets, while only 25% of turnover in other games is online.

However, the bill also allows for a greatly increased number of land-based casino licences. Currently, only two licenced casinos exist in Serbia. However, Mali’s bill allows the government to grant a maximum of 10 such licenses, valid for 10 years. The license fee for these casinos is set at a minimum of €500,000.

Source: igamingbusiness.com

 

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