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Sports Book


Taxation Sports Book

TAXATION SPORTS BOOK

From 12/7/2021 the framework regarding the player's winnings taxation and the scale of taxation are changed. According to the new legislation, any potential tax applied is now calculated on the basis of the betslip (all betting slips submitted at the same time) and not on the column as originally was.

 The game begins!

The Taxation Scale of net winnings (Winnings - Stake) is as follows:

   0 €

100€

no tax applied

100€

200€

2.5% tax applied

200€

500€

5% tax applied

500€

and above

7.5% tax applied

 

Example: A player places a €100 bet with odds 10.00. The returns are €1,000, the net winnings are €900 (Winnings – Stake = 1000 -100 = €900).

The taxation would be as follows:

                               First 100 €

no tax paid

Sum between 100 € and 200 €

2.50 € tax payable

Sum between 200 € and 500 €

15 € tax payable

Sum between 500 € and 900 €

30 € tax payable

Total tax payable

47.50 €

 

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