Romania Proposes Back Tax Amendment to iGaming Bill

The Romanian government's Legal Commission on Discipline and Immunities has proposed an amendment to the country's iGaming legislation that would see companies required to pay retrospective tax on pre-regulatory operations.

Earlier this week Emergency Ordinance 92/2014 was passed to the parliament's Chamber of Deputies, after a number of amendments suggested by the Senate were rejected.

The Legal Commission has now approved a recommendation that effectively de-criminalises activities before the passage of regulation, if operators pay a fee.

Companies will be required to pay licence fees for the years they were active in the market, as well as authorisation fees of 20 per cent of gross gaming revenue up to August 1st this year.

The fees will be calculated by the Romanian gambling regulator, the National Office for Gambling (ONJN). Operators will be required to submit a financial audit to the regulator's Surveillance Committee setting out the amounts deposited by players and prizes awarded for each product vertical, as well as the amounts generated each day and calendar month.

For games where the operator takes a commission from participants and winners, the 20 per cent tax will be applied on the rake.

The payment of the licence and participation fees will criminally and fiscally exonerate operators from any charges of wrongdoing for offering gambling products to Romanian customers before August 1st.

It remains unclear at this time whether the tax amendment will be adopted.

Gaming Intelligence

Back To All News

Tags: Curacao gaming licence,gaming licence,Financial Institution Licence,Payment Institution,Incorporation of company in Malta,Malta gaming licence,online gaming license,Incorporation of company in Bulgaria,E-Money licence