Bulgaria could raise gambling tax to 15% from January 2010
But Parliament's budget committee chairperson Menda Stoyanova has said that there could be an even more dramatic increase, hinting at the 15 % benchmark.
Her proposal came as a poll commissioned by the Ministry of Finance showed that raising the corporate tax on gambling enjoyed the broadest public support and was approved by 84 % of the respondents.
Fixed-odds sports betting outfit Eurofootball is now paying the brunt, with sports and national lottery bets now taxed at 10 % of turnover and not on the profit. The company said in a statement that the gambling tax was about five or six times higher than the tax imposed on other commercial entities operating on the Bulgarian market because it was based on the entire turnover, without deducing payment and activity expenses.
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