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  1. #1
    newcustomeroffer is online now Public Member
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    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.
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  2. #2
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    Strider1973 is offline Private Member
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    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.
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  3. #3
    MJM
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    No way this can be serious, regulated "deposit only" sportsbooks won't last very long.

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  5. #4
    robyroy is offline Private Member
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    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.
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  6. #5
    Triple7 is offline Private Member
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    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
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    Wow, that is crazy! Will only increase black market resulting even even less revenue for a government desperate for money.
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  8. #7
    robyroy is offline Private Member
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    Changes to the changes

    Seems that Romanian Government have made some changes to this taxes. I will get back soon with the new taxes.
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  9. #8
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    That’s bloody crazy! Honestly, insanity is the first word that comes to my mind about these people.

  10. #9
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    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 online now Public Member
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    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
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    40% is a lot...

  13. #12
    robyroy is offline Private Member
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    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.
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