Bulgaria to Introduce New Levels of Taxation?


The Bulgarian Finance Minister Simeon Djankov gave advance notice this week that he wants to tax all forms of income having in mind the gambling industry and investors in particular. The levels of taxation though are as yet unspecified but will be similar regardless of its source.

The minister said that he plans to impose taxes on gambling and stock exchange profits, starting as early as January 2013, and his staff is already working on legislative drafts that could be proposed between the two parliamentary readings on the draft 2013 State budget.

In March this year the Bulgarian government approved the regulation and licensing of online gambling in the country proposing a 15 percent tax on operator turnover. It included draconic measures designed to exclude and stamp out unlicensed operators accessing the nation’s punters, ISP blocking, and bans on advertising.

Still, when few foreign operators hinted they would seek licensing at those sort of tax levels, the government slashed the proposed tax rate by 50 percent by May 2012.

Djankov has already been criticised for his proposals to impose taxation on all bank deposits and individual transactions, excluding retirement savings. Asked to comment on threats of large-scale public protests over the new tax regime, he replied: “Let them come.”

Comments are closed.

Top Marvel Hero Slot Sites

Phoenician Casino

Phoenician Casino
Phoenician Casino gives new players a 50% welcome bonus of up to $50. This casino also gives 25% matching bonus (up to $200) on the 2nd deposit and a 20% matching bonus (up to $950 free) on the 3rd deposit. So that is a total of $1,200 in bonuses from Phoenician Casino. Another great Microgaming Casino. ...

Play Now

7 Sultans Casino

7 Sultans Casino
9 magical bonuses of $1000 await you at 7 Sultans Casino...

Play Now

Challenge Casino

Challenge Casino
Play With $1,000 FREE at Challenge Casino! Receive a bonus on your first 3 deposits, starting with a 25% Match up to $800 FREE on your first deposit!...

Play Now

Noble Casino

Noble Casino
Get a Great $4,000 Welcome Bonus! Noble Casino aims to give you the greatest gaming experience you can find online and part of that is a whopping welcoming bonus offer! Enjoy 100% up to $1,000 on your first 4 deposits! Play your cards right and you could get an additional $4,000 ...

Play Now

Club 777

Club 777
Club 777 is very convenient, one can enjoy the experience of a real casino sitting at home. Download or play instantly, all your information is secure. So are you ready to play?...

Play Now

Aztec Riches Casino

Aztec Riches Casino
Aztec Riches Casino uses the well known software from Microgaming. All new players get $850 In Free Bonus Offers. 1st Deposit 50% Bonus, up to $50 FREE! 2nd Deposit 25% Bonus, up to $20 FREE! 3rd Deposit 20% Bonus, up to $600 FREE! ...

Play Now

Carnival Casino

Carnival Casino
Everyone loves a good carnival! Join in on the fun with Carnival Casino's colorful Welcome Bonus of up to $777 on your first two deposits......

Play Now

50 Stars Casino

50 Stars Casino
The stars are shining upon us at 50Stars Casino! Enjoy an amazing 3-step Welcome Bonus - reaching up to €600 in bonuses!...

Play Now

UK Casino Club

UK Casino Club
Microgaming is the software platform for UK Casino Club. New plyers will get $700 in Free Bonus Offers at UK Casino Club they join!...

Play Now

Casino Del Rio

Casino Del Rio
Casino Del Rio employs an excellent, professional support team, on call 24.7 to help players with any queries they might have. Fluent in more than a dozen languages, the support staff at Casino Del Rio can field and answer players’ questions via email, live chat, or phone. ...

Play Now