Germany’s 5.3% turnover tax approved

Posted:: Jun 24, 2021 11:31 Category: Europe , Online , Regulatory , Posted by Maria

The controversial 5.3% turnover tax on online slots and poker stakes has been approved by the Bundestag

With Germany’s online casinos setting to become fully legal across Germany from the 1st of July, preparations are underway.

The bill which had been drawn up by the Federal Government has been approved by the Finance Committee this week.

The approved controversial bill has now set a 5.3% iGaming turnover tax under Germany’s new State Treaty on Gambling, the Glücksspielneuregulierungsta.

Antje TillmannDuring the voting process the Christian Democratic Union (CDU), its Bavarian equivalent the Christian Social Union (CSU), and the Social Democratic Party (SPD), as well as the Green Party all voted in favour. Alternative für Deutschland (AfD) and the Free Democratic Party (FDP) voted against it whilst Die Linke abstained from voting.

Antje Tillmann, a financial policy spokeswoman for the CDU/CSU Bundestag parliamentary group, said in a statement: “With today’s law, we have passed a Germany-wide uniform regulation for the taxation of online games of chance such as virtual slot machine games and online poker.

Both online poker and virtual slot machine games will be taxed in the future, as will racing betting, sports betting, public lotteries, and draws. This means that online gaming will be taxed at 5.3 percent of the amount staked.”

She added that this tax is set to apply to both unlicensed and licensed games operating as even if a game of chance is operated illegally because there is no licence, taxation would still take place.

The EGBA commented saying that while taxes vary between states, land-based and online sectors in Bavaria would see a tax difference of €293.9m and slot halls seeing a €178.1m

Some argue that this turnover tax would lead players to gamble with unlicensed operators.

SiGMA Americas Virtual:

The SiGMA Americas Virtual show will run from the 13th to the 14th of September, 2021. Features include a fully interactive expo floor, networking chat rooms, and a high-profile lineup of panelists. Beautifully designed booths come equipped with state-o-the-art product displays and chatbox features, while attendees can visit the virtual stage, where a series of panels and keynotes will discuss key topics during the live 2-day conference.

Explore the agenda or check out who’s on the floor plan.

Related Posts

iTech Labs scores high on…

iTech Labs identifies four main areas that they’ve found are important to customers in a test lab provider: Quality of…