Sweden proposes Gaming Revenue Tax
The Swedish Government has proposed a new licensing and tax regime for the gambling sector intended to regulate the activities of remote gambling firms providing services in Sweden from other jurisdictions.
Under the proposed law, online gambling firms would need to apply for a license to provide services in Sweden and submit to new regulations on consumer protection. Licensed firms would also pay an 18 percent tax on gross gaming revenue.
The proposed legislation is designed to shut out unlicensed remote gambling firms from the Swedish market.
The law would augment the existing regulatory framework which dates back to the 1930s, but which only regulates monopoly operators including state-run casinos and lotteries. These monopolies would remain in place under the proposals.
If approved by parliament, the new legislative regime would apply from January 1, 2019.
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