Results 1 to 12 of 12
  1. #1
    newcustomeroffer is offline Public Member
    Join Date
    January 2018
    Location
    United Kingdom
    Posts
    833
    Thanks
    123
    Thanked 365 Times in 277 Posts

    Default Romanian 40% Withdrawal Tax

    First time I'd seen this proposal, 40% tax on the bettor on withdrawals if I'm reading it right: Article Here

    Madness surely, nothing like driving punters to the black market.
    For the latest bookmaker new customer offers visit https://www.newcustomeroffer.co.uk/

  2. #2
    Strider1973's Avatar
    Strider1973 is offline Private Member
    Join Date
    November 2012
    Posts
    413
    Thanks
    296
    Thanked 256 Times in 173 Posts

    Default

    Hm, this seems a bit like a joke?

    I don't think that many players will withdraw their winnings if they face so high taxes. So they might end up gambling away all their winnings. At least to me this looks like as if this tax will probably decrease withdrawals and increase net gaming revenues at online casinos.
    "Semper paratus!"
    My BTC Address: 1F11EJvSAab5vMQgGWGQMASr9T7LCkZjvb

  3. #3
    MJM
    MJM is offline Private Member
    Join Date
    November 2010
    Posts
    900
    Thanks
    176
    Thanked 536 Times in 309 Posts

    Default

    No way this can be serious, regulated "deposit only" sportsbooks won't last very long.

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

    universal4 (5 July 2022)

  5. #4
    robyroy is offline Private Member
    Join Date
    March 2009
    Location
    Somewhere on this earth
    Posts
    232
    Thanks
    11
    Thanked 41 Times in 32 Posts

    Default

    It is no proposal anymore. It will be applied from 1st August, but like this:

    * up to 3000 RON (~600 Euros) - 10%
    * from 3000 RON to 10.000 RON (~2000 EUROS) - 300 RON + 20% for the amount >3000 RON
    * > 10000 RON (~2k Euros) - 1700 RON + 40% for the amount > 10.000

    So, if you withdraw 12.000 (2.5 k euros) you will pay 1700 RON + 500 RON (40% from 2000) = 2200 RON (~550 euros)

    In conclusion, for small withdrawals, up to 600 euros, you will pay only 10%. Pretty decent.

    Quote Originally Posted by newcustomeroffer View Post
    First time I'd seen this proposal, 40% tax on the bettor on withdrawals if I'm reading it right: Article Here

    Madness surely, nothing like driving punters to the black market.

  6. #5
    Triple7 is offline Private Member
    Join Date
    January 2015
    Posts
    2,887
    Thanks
    2,067
    Thanked 2,471 Times in 1,341 Posts

    Default

    It's decent until 600 euros. After that it's getting worse.

    It's not quite a surprise. Romania is a bankrupt country, government needs money...

  7. #6
    Pokerface's Avatar
    Pokerface is offline Public Member
    Join Date
    August 2016
    Posts
    2,349
    Blog Entries
    1
    Thanks
    308
    Thanked 773 Times in 549 Posts

    Default

    Wow, that is crazy! Will only increase black market resulting even even less revenue for a government desperate for money.
    statsdrone.com

    GPWA members get a 2-month free trial - DM me!

  8. #7
    robyroy is offline Private Member
    Join Date
    March 2009
    Location
    Somewhere on this earth
    Posts
    232
    Thanks
    11
    Thanked 41 Times in 32 Posts

    Default

    Changes to the changes

    Seems that Romanian Government have made some changes to this taxes. I will get back soon with the new taxes.

  9. #8
    Cash Bonus's Avatar
    Cash Bonus is offline Private Member
    Join Date
    May 2014
    Posts
    4,828
    Thanks
    8,291
    Thanked 2,797 Times in 2,032 Posts

    Default

    That’s bloody crazy! Honestly, insanity is the first word that comes to my mind about these people.

  10. #9
    ocreditor's Avatar
    ocreditor is offline Private Member
    Join Date
    April 2009
    Location
    Israel
    Posts
    6,558
    Blog Entries
    1
    Thanks
    6,386
    Thanked 3,989 Times in 2,538 Posts

    Default

    I also just heard about this in iGB by Superbet reps.. this is sounds like a very bad joke.. but unfortunately the talks about it are very real.. however fro what I was told this is still not yet approved.
    If anyone hear knows otherwise - please share!!

  11. #10
    newcustomeroffer is offline Public Member
    Join Date
    January 2018
    Location
    United Kingdom
    Posts
    833
    Thanks
    123
    Thanked 365 Times in 277 Posts

    Default

    Quote Originally Posted by robyroy View Post
    Changes to the changes

    Seems that Romanian Government have made some changes to this taxes. I will get back soon with the new taxes.
    Some detail here: https://www.romania-insider.com/roma...taxation-plans

    Whether that's the final answer remains to be seen.

  12. #11
    BrunoBrown is offline Former Affiliate Manager
    Join Date
    July 2022
    Posts
    10
    Thanks
    0
    Thanked 1 Time in 1 Post

    Default

    40% is a lot...

  13. #12
    robyroy is offline Private Member
    Join Date
    March 2009
    Location
    Somewhere on this earth
    Posts
    232
    Thanks
    11
    Thanked 41 Times in 32 Posts

    Default

    So, according to the new government ordonance, we have this taxes:

    up to 10.000 RON (~2k eur) : 3%
    from 10.000 to 66750 RON (2k - to ~13.5k euros) : 300 RON + 20% for the amount >10.000
    >66750 RON : 11.650 RON + 40% for the amount >66750 RON

    Still huge, but a little bit better then first propose. And in this form will be applied from August 1st.

  14. The Following User Says Thank You to robyroy For This Useful Post:

    newcustomeroffer (20 July 2022)

Posting Permissions

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