Millions In Tax Paid for Offering Casino Games

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Millions In Tax Paid for Offering Casino Games

Europe’s biggest online gambling operator, Bwin, Party Digital Entertainment, issued a statement explaining its position on Spanish market regulatory and taxation issues, noting that:

They expected Spain to issue eGaming licenses for all gaming products (except for pokies) in June 2012. The Spanish tax authority required online gaming operators with clients in Spain to pay back-taxes under two historic laws which were not previously applied to offshore online gambling.

The gambling group had completed a tax self-assessment in compliance with the country’s tax authority’s requirements, and then they paid out up to €33 million (including surcharges and interest). This payment was made to secure the Bwin.Party Digital Entertainment’s position in Spain within the scope of its application for eGaming licenses, agen bola.

A Bwin.Party spokesman commented, “Some weeks ago, the Spanish tax authority contacted all of the major online gaming operators and made clear that, in their opinion, any online operator who has ever accepted customers from Spain has an obligation to pay Spanish taxes under two laws, one dating from 1966 and the other from 1977”.

These laws were previously applied to operators who were based in Spain and carried out offline gaming and to definite kinds of bets (other than fixed odd bets).

He also added, “As a result, together with a number of other operators we’ve today completed a tax self-assessment in accordance with the Spanish Tax Authority’s requirements and as a result are making a payment of €25.6 million plus surcharges and interest of up to €8 million. Having taken these steps, we believe that now we have fulfilled all the requirements and waiting for getting our license and entering the Spanish gaming market.”

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