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Italy begins 2019 with introducing new tax

From January 1, iGaming licensees are subject to a tax of 25% of gross gaming revenue on online casino and bingo, an increase of 5%, with online fixed-odds betting tax increased from 22% to 24% of GGR.

Land-based sports betting operators, meanwhile, will now pay a 20% GGR tax, up from the previous rate of 18%. Virtual sports are also subject to a new 22% gross revenue tax, having previously been taxed at 20% of GGR.

This is accompanied by increases on taxes paid on amusement with prizes (AWP) machines and video lottery terminals (VLTs). The AWP tax rate has risen by 1.35 percentage points to 18.85%, while VLTs will be taxed on 6.75% of revenue following a 1.25 percentage point rise. Payout rates have also been amended for these land-based machines, with AWP payouts reduced to 68% of stakes, and 84% for VLTs.

The new tax rates were passed late last month as part of the country’s budget for 2019, alongside broad spending plans until 2021. This aims to reduce the country’s deficit to 2.04% of Italy’s Gross Domestic Product, down from its original target of 2.4%.

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