Results 1 to 14 of 14
  1. #1
    The Buzz's Avatar
    The Buzz is offline GPWA Gossip Hound
    Join Date
    February 2007
    Location
    Newton, MA
    Posts
    3,581
    Thanks
    292
    Thanked 1,492 Times in 902 Posts

    Default Portugal online gaming bill signed into law

    The bill was signed into law last week by President Anibal António Cavaco Silva, and the reforms are set to take effect on June 28.

    Read more from Casino.org: http://www.casino.org/news/portugal-...igned-into-law

  2. The Following User Says Thank You to The Buzz For This Useful Post:

    ocreditor (7 May 2015)

  3. #2
    Renee's Avatar
    Renee is offline Sponsor Affiliate Program
    Join Date
    August 2005
    Posts
    9,064
    Blog Entries
    6
    Thanks
    6,633
    Thanked 3,520 Times in 2,199 Posts

    Default

    So its only sportsbetting?
    __________________
    Renee, Affiliate Program Manager
    http://www.RewardsAffiliates.com
    Affiliate Program for CasinoRewards.com
    Best Affiliate Manager - CAP Awards 2008
    Best Casino Affiliate Manager - CAP Awards 2009
    Best Casino Affiliate Manager - iGB Affiliate Awards 2010

  4. #3
    Pmig is offline Private Member
    Join Date
    August 2012
    Posts
    178
    Thanks
    43
    Thanked 77 Times in 54 Posts

    Default

    No Renee, It will be open also to poker, exchange/trading, bingo and casino (slots included). Also be open to other forms of gambling on request.

  5. #4
    sweetbet's Avatar
    sweetbet is offline Private Member
    Join Date
    November 2012
    Posts
    2,819
    Blog Entries
    5
    Thanks
    899
    Thanked 1,582 Times in 1,089 Posts

    Default

    A definite step in the right direction
    Sweet Bet - Reviews of reputable online casinos, poker sites, sportsbooks & bingo halls
    USA Online Casinos | Canadian Online Casinos | Bitcoin Casinos | Live Dealer Casinos | Free Spin Casinos | US Online Casinos

  6. #5
    gyaloggalopp is offline Public Member
    Join Date
    April 2015
    Posts
    64
    Thanks
    8
    Thanked 15 Times in 12 Posts

    Default

    Quote Originally Posted by sweetbet View Post
    A definite step in the right direction
    Is it? Seems like an act where the government seemingly pushes free competition but ring fences their own company and creates a monopol situation with irrealistic conditions for foreign comapnies. Just like my (Hungarian) government did last year.

  7. #6
    Renee's Avatar
    Renee is offline Sponsor Affiliate Program
    Join Date
    August 2005
    Posts
    9,064
    Blog Entries
    6
    Thanks
    6,633
    Thanked 3,520 Times in 2,199 Posts

    Default

    Quote Originally Posted by Pmig View Post
    No Renee, It will be open also to poker, exchange/trading, bingo and casino (slots included). Also be open to other forms of gambling on request.
    Thanks. So it's just a bad article then. And nowhere does it list the tax percentages.
    I'll have to do more looking to find the info.
    __________________
    Renee, Affiliate Program Manager
    http://www.RewardsAffiliates.com
    Affiliate Program for CasinoRewards.com
    Best Affiliate Manager - CAP Awards 2008
    Best Casino Affiliate Manager - CAP Awards 2009
    Best Casino Affiliate Manager - iGB Affiliate Awards 2010

  8. #7
    Pmig is offline Private Member
    Join Date
    August 2012
    Posts
    178
    Thanks
    43
    Thanked 77 Times in 54 Posts

    Default

    Renee, go to one of my sites http://maisapostas.com/lei-das-apost...-a-28-de-junho and you have a tiny summary of taxes (use google translate because is on portuguese), on that page you have also a link to the full bill (law), the full taxes are at the end of that.

  9. The Following User Says Thank You to Pmig For This Useful Post:

    Renee (6 May 2015)

  10. #8
    Renee's Avatar
    Renee is offline Sponsor Affiliate Program
    Join Date
    August 2005
    Posts
    9,064
    Blog Entries
    6
    Thanks
    6,633
    Thanked 3,520 Times in 2,199 Posts

    Default

    Thanks. So 30% tax on casino. This will likely mean no operators get the license. This is even more than Italy.
    __________________
    Renee, Affiliate Program Manager
    http://www.RewardsAffiliates.com
    Affiliate Program for CasinoRewards.com
    Best Affiliate Manager - CAP Awards 2008
    Best Casino Affiliate Manager - CAP Awards 2009
    Best Casino Affiliate Manager - iGB Affiliate Awards 2010

  11. #9
    ocreditor's Avatar
    ocreditor is offline Private Member
    Join Date
    April 2009
    Location
    Israel
    Posts
    5,433
    Blog Entries
    1
    Thanks
    5,557
    Thanked 3,609 Times in 2,221 Posts

    Default

    Quote Originally Posted by Renee View Post
    Thanks. So 30% tax on casino. This will likely mean no operators get the license. This is even more than Italy.
    Wow 30% tax is very high indeed... PT want to keep the online activity inside their country and it means many brands will go out
    of PT

  12. #10
    Pmig is offline Private Member
    Join Date
    August 2012
    Posts
    178
    Thanks
    43
    Thanked 77 Times in 54 Posts

    Default

    Is up to 30%..

    Up to 5.000.000,00€ gross you pay 15%, upper than that there this formula will apply: [15% x (Anual gross profit/5.000.000,00)], up to 30% limit.

  13. The Following 2 Users Say Thank You to Pmig For This Useful Post:

    NoWageringCasino (7 May 2015), ocreditor (7 May 2015)

  14. #11
    ocreditor's Avatar
    ocreditor is offline Private Member
    Join Date
    April 2009
    Location
    Israel
    Posts
    5,433
    Blog Entries
    1
    Thanks
    5,557
    Thanked 3,609 Times in 2,221 Posts

    Default

    Quote Originally Posted by Pmig View Post
    Is up to 30%..

    Up to 5.000.000,00€ gross you pay 15%, upper than that there this formula will apply: [15% x (Anual gross profit/5.000.000,00)], up to 30% limit.
    15% is much more reasonable, for small brand this is crucial

  15. #12
    NoWageringCasino is offline Public Member
    Join Date
    December 2014
    Location
    Lisbon, Portugal
    Posts
    12
    Thanks
    2
    Thanked 0 Times in 0 Posts

    Default

    Glad to see some reforms happening in Portugal.

  16. #13
    academia's Avatar
    academia is offline Private Member
    Join Date
    October 2013
    Posts
    19
    Thanks
    0
    Thanked 12 Times in 10 Posts

    Default

    The article does not have much info about the regulation.

    For poker and trading, 15% tax on the fee.
    Casino, Bingo 15% to 30%. 15% when Gross Revenue less that 5.000.000€ then can go up to 30%
    Sports Betting, tax on volume, 8% to 16%

  17. The Following User Says Thank You to academia For This Useful Post:

    Renee (11 May 2015)

  18. #14
    academia's Avatar
    academia is offline Private Member
    Join Date
    October 2013
    Posts
    19
    Thanks
    0
    Thanked 12 Times in 10 Posts

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •