It said it obtained EU approval to scrap the flat tax rate
Greek government amends gaming tax legislation
2013-02-06
Reading time 44 seg
(Greece).- The Greek government announced propose changes to its gaming tax regime, which will see OPAP players' winnings taxed progressively, the finance ministry said. The 10 % flat rate on all winnings announced in September will be scrapped, and replaced by a 15 % tax on winnings between 100 and 500 euros, with 20 % on anything higher. Winnings below 100 euros will go entirely tax free.
According to a legislative amendment to be submitted to parliament, the 10 % flat rate on all winnings which was announced last September as part of government efforts to plug its budget deficit will be scrapped, and replaced by a 15 % tax on winnings between 100 euros and 500 euros, with 20 % on anything higher. Winnings below 100 euros will go entirely tax free.
Analysts had criticized the flat-rate taxation, arguing it would discourage small-time players and hurt company sales and tax receipts.
The government said on Sunday it obtained European Union approval to scrap the flat tax rate. A 30 % levy on OPAP gross earnings, also announced in September, is not changing.
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