Bulgaria Votes to Reduce Gambling Taxes
Key Takeaways
  • Bulgarian politicians have voted to accept amendments to the Gaming Act that will change the way gaming taxes are calculated.
  • A 15% turnover tax becomes a 20% tax on profits.
  • MP Yordan Tsonev, who sponsored the amendments accepted that less tax revenue would be collected in 2014, but expected new licensees to boost 2015 tax receipts to over $35m.

After last week’s postponement, Bulgarian politicians have voted to accept amendments to the Gaming Act that will change the way gaming taxes are calculated.