International edition
September 19, 2020

With a tax levied on gross profits

Spanish Parliament will consider a draft for egaming law

(Spain). - After a controversial turnover tax was dropped by its government the Spanish parliament will consider a draft egaming law with a tax levied on gross profits.

T

he u-turn by the ruling Socialist Workers’ Party follows objections from stakeholders and industry representative organizations such as the Remote Gambling Association (RGA), the European Gaming and Betting Association (EGBA), and the Spanish Association of Online Gamblers (AEDAPI).

The cabinet has already approved a draft egaming bill to regulate all forms of remote gambling, but it remained unclear at that stage whether the Spanish Council of Ministers had approved a tax model based on turnover or gross profit.

 Once the Congress has considered the bill, it will then need to pass before the Senate and be notified to the European Commission. This is not expected to occur until June or July, at which point the statutory standstill period set aside for review of the proposed legislation will commence.

 A spokesperson for the RGA said: "The move to a gross profits tax is a very welcome development. We are pleased that the Spanish authorities have listened to our detailed arguments and the negative impact that a turnover tax would have had on the market.”

"Whilst we will be continuing to lobby in favour of GPT during the Parliamentary process, our focus is now more on the GPT rate, the UK’s approach is obviously a level that we’d like to see replicated in Spain," he added.

What is your opinion about this article?
  • I like it
    %
    0 votos
  • I don't like it
    %
    0 votos
  • I have not thought about it
    %
    0 votos
Leave your comment
Newsletter Subscription
Subscribe to receive the latest news and updates
Enter a valid email
Complete the captcha
Thank you for registering to our newsletter.
Follow us on Facebook