Greece to levy 10% tax on gambling winnings

(Greece).- As of next month, Greece is to levy a 10% tax on gambling winnings, Greek Ethnos daily reports on its Internet site.

2009-08-27

United States

Reading time 15 seg

A decision by the Ministry of Economy and Finances cancels the non-taxable threshold, which has been in force up to now, despite the strong opposition of businesses.

A 10% tax is levied on all winnings, starting from 1 Euro, from lottery, gambling games and stakes.

According to the nformation released, a 20% tax is levied on all winnings larger than 1,000 Euros won by a contest participant.

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