Results 1 to 10 of 10
  1. #1
    Pokerface's Avatar
    Pokerface is offline Public Member
    Join Date
    August 2016
    Posts
    1,128
    Blog Entries
    1
    Thanks
    70
    Thanked 487 Times in 321 Posts

    Default Portugal's 66% Tax

    We all know taxes are inevitable and often too high however Betclic in Portugal report that the Portuguese government has claimed 66% in taxes of their revenue. This leaves very little for operating costs and profit. Hardly worth the effort to be in the Portuguese market with those tax rates.

    Read more here: https://calvinayre.com/2017/06/28/bu...bling-revenue/

  2. #2
    PROFRBcom's Avatar
    PROFRBcom is offline Private Member
    Join Date
    April 2013
    Posts
    1,703
    Thanks
    1,326
    Thanked 1,019 Times in 657 Posts

    Default

    66%? Holy ****! It's simply not realistic to tax a business 66% and expect them to put forth an effort. Their talents are being wasted in this market. That just goes to show you however, what happens when a government is desperate for revenues. They will tax, tax, and tax some more! Ultimately, it just drives businesses and their talent into other, more favorable jurisdictions.

  3. #3
    RacingJim is offline Public Member
    Join Date
    May 2013
    Posts
    1,868
    Thanks
    877
    Thanked 1,364 Times in 841 Posts

    Default

    Quote Originally Posted by PROFRBcom View Post
    66%? Holy ****! It's simply not realistic to tax a business 66% and expect them to put forth an effort. Their talents are being wasted in this market. That just goes to show you however, what happens when a government is desperate for revenues. They will tax, tax, and tax some more! Ultimately, it just drives businesses and their talent into other, more favorable jurisdictions.
    This is what Corbyn and his loons would probably do if he got in.

  4. The Following User Says Thank You to RacingJim For This Useful Post:

    PROFRBcom (29 June 2017)

  5. #4
    good4bonus's Avatar
    good4bonus is offline Private Member
    Join Date
    May 2013
    Location
    portugal
    Posts
    167
    Thanks
    28
    Thanked 105 Times in 66 Posts

    Default

    not 66%
    in portugal, the % tax it depends in some things

    Law66/2015

    Article 89
    Special tax on online gambling in games of chance
    1 - In games of chance, IEJO focuses on the gross revenue of the exploring entity.
    2 - The rate of the IEJO in games of fortune or chance is 15 / prct ..
    3 - Without prejudice to the provisions of the preceding paragraph, when the gross annual revenue of the exploring entity exceeds (euro) 5,000,000.00, the taxable amount is divided into two installments:
    A) Up to the amount of (euro) 5 000 000,00, the rate of 15 / prct .;
    (B) on the surplus, the rate shall be determined on the basis of the following formula:
    Rate = [15 / prt. X (amount of annual gross revenue / (euro) 5 000 000,00)]
    4 - The rate calculated under the terms of sub-paragraph b) of the previous number has a maximum limit of 30 / prct ..

    Special tax on online sports betting odds
    1 - In sports betting odds, the IEJO is charged on the proceeds of the bets placed.
    2 - When the explorer collects a commission on the value of the bet, the IEJO also charges on that amount.
    3 - The IEJO rate in the situations described in the previous numbers is 8 / prct ..
    4 - Without prejudice to the provisions of the preceding paragraph, when the amount of bets placed with the explorer exceeds (euro) 30,000,000.00, the taxable amount is divided into two installments:
    (A) up to the amount of (euro) 30 000 000.00, the rate of 8 / prct .;
    (B) on the surplus, the rate shall be determined on the basis of the following formula:
    Rate = [8 / prt. X (annual amount of bets placed / (euro) 30,000,000.00)]
    5 - The rate calculated in accordance with sub-paragraph b) of the preceding paragraph has a maximum limit of 16 / prct ..

    Article 91
    Special tax on online gambling on horse racing bets
    1 - In the mutual equestrian betting, the IEJO is focused on the gross revenue of the exploring entity.
    2 - The IEJO rate on the bets referred to in the previous number is 15 / prct ..
    3 - Without prejudice to the provisions of the preceding paragraph, when the gross annual revenue of the exploring entity exceeds (euro) 5,000,000.00, the taxable amount is divided into two installments:
    A) Up to the amount of (euro) 5 000 000,00, the rate of 15 / prct .;
    (B) on the surplus, the rate shall be determined on the basis of the following formula:
    Rate = [15 / prt. X (amount of annual gross revenue / (euro) 5 000 000,00)]
    4 - The rate calculated under the terms of sub-paragraph b) of the previous number has a maximum limit of 30 / prct ..
    5 - In the equestrian betting quota, the IEJO is charged on the proceeds of the bets placed.
    6 - The IEJO rate on the bets referred to in the previous number is 8 / prct ..
    7 - Without prejudice to the provisions of the preceding paragraph, when the amount of bets placed with the explorer exceeds (euro) 30,000,000.00, the taxable amount is divided into two installments:
    (A) up to the amount of (euro) 30 000 000.00, the rate of 8 / prct .;
    (B) on the surplus, the rate shall be determined on the basis of the following formula:
    Rate = [8 / prt. X (annual amount of bets placed / (euro) 30,000,000.00)]
    8 - The rate calculated in terms of letter b) of the previous number has a maximum limit of 16 / prct ..

    yes already was delivered a petition coz of do some changes, like put an "overall tax of 30% of the gross revenue" instead of different taxes for different kinds of gambling
    but still will be discussed

  6. The Following User Says Thank You to good4bonus For This Useful Post:

    PROFRBcom (29 June 2017)

  7. #5
    gamblingtec's Avatar
    gamblingtec is offline Public Member
    Join Date
    July 2017
    Location
    Curacao
    Posts
    16
    Thanks
    0
    Thanked 16 Times in 11 Posts

    Default

    How on earth do you run a business like that? It baffles my mind why regulators think gambling entities are these special money trees... in reality they are hard businesses to run made harder by bean counters in suits who have never done a real days work.

  8. The Following User Says Thank You to gamblingtec For This Useful Post:

    Moonlight Cat (4 July 2017)

  9. #6
    good4bonus's Avatar
    good4bonus is offline Private Member
    Join Date
    May 2013
    Location
    portugal
    Posts
    167
    Thanks
    28
    Thanked 105 Times in 66 Posts

    Default

    i forgot to say in previous post
    IEJO, in english means "GAMING SPECIAL TAX"

  10. The Following User Says Thank You to good4bonus For This Useful Post:

    Moonlight Cat (4 July 2017)

  11. #7
    good4bonus's Avatar
    good4bonus is offline Private Member
    Join Date
    May 2013
    Location
    portugal
    Posts
    167
    Thanks
    28
    Thanked 105 Times in 66 Posts

    Default

    Quote Originally Posted by gamblingtec View Post
    How on earth do you run a business like that? It baffles my mind why regulators think gambling entities are these special money trees... in reality they are hard businesses to run made harder by bean counters in suits who have never done a real days work.
    really "too hard businesses" specially if they do not have a license and ask you to solve the problem no?

  12. #8
    gamblingtec's Avatar
    gamblingtec is offline Public Member
    Join Date
    July 2017
    Location
    Curacao
    Posts
    16
    Thanks
    0
    Thanked 16 Times in 11 Posts

    Default

    It defies logic.

    We solve problems in most instances for techies who want to write games and deploy these games to third parties. In the past these are the small startups trying to survive in an ever growing and overreaching environment run by people who have never been in the position to take a creative idea to market.

    My opinion of course.

  13. #9
    Miles_Videoslots's Avatar
    Miles_Videoslots is offline Former Affiliate Manager
    Join Date
    January 2017
    Location
    Malta
    Posts
    386
    Thanks
    145
    Thanked 481 Times in 214 Posts

    Default

    Anything over 50% is just pure highway robbery but governments know that they can turn the screws due to the nature of our business

  14. #10
    gamblingtec's Avatar
    gamblingtec is offline Public Member
    Join Date
    July 2017
    Location
    Curacao
    Posts
    16
    Thanks
    0
    Thanked 16 Times in 11 Posts

    Default

    This, in my opinion, would be a classic case where stupid laws will be cause for people to find loopholes. When a structure is fair and just, people just go about with their business...

Posting Permissions

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