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Romania benefits black market with 40% tax on gambling withdrawals

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In Romania40% tax will be levied on the amount consumers withdraw from online gamblingIt is.

According to industry groups, this decision will have disastrous consequences not only for the gambling market, but also for the country.

Bakara-chan

40% ...

The hometown of Dracula mythology and Bran Castle in Romania.Romania plans to draw more life from online gambling with a 40% withdrawal tax. (Image: Dreamstime)

By imposing a 40% tax on withdrawals, the number of players on the Romanian licensed site will decrease.Looking for alternatives, the Association of Remote Gaming Organizations (AOJND, an acronym for Romanian) predicts that they will probably opt for black trading.

As a result, all parties will suffer losses.Not only players and licensees, but also the government will be harmed.Also, according to AOJND, offshore will reduce profits in the short and medium term.

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One step forward, two steps backward

Romania has been rebuilding the gambling industry.However, this change does not seem to be a step forward.In the country, statistics show that about 90% of online gaming activities go through licensed sites.This was a difficult feat to achieve, but the new tax will move the market in a different direction.

AOJND Chairman Odeta Nester said in a statement that online gambling is primarily an entertainment industry and not a source of income for players.More than 80% of those who participate in online gambling and withdraw money withdraw up to 1,000 RON (US $ 211.80).Most are on the order of 200-300 RON (US $ 42-63) and are even smaller.

In short, Nester points out that most players value the fun of playing, not the pursuit of winning anything.For these people, online gambling is a “source of stress relief”.

According to Nester, the online gambling industry is already successful in Romania.But the introduction of this tax can confuse it.This depends on the authorities' ability to maintain an attractive legal and financial framework.

In response to this tax reform, AOJND has called on the government as a company familiar with Romanian license gambling. AOJND is ready to provide its expertise and wants to convince the government to consult within the industry to develop effective plans.

The government has no money anymore

According to AOJND estimates, this tax system will reduce taxes paid by gambling businesses by more than 50%.It will also have to significantly reduce investment in local software development departments and advertising.Similarly, sponsorship of Romanian sports organizations will have to be reduced.

先ほども申し上げたように、AOJNDには、すべての関係者の利益のために最善の解決策を採用するための専門知識と政府のパートナーになる用意があるのです。しかし、その第一条件は、現実的で持続的かつ誠実な対話が存在することです。AOJNDのオデタ・ネスター会長は、「私たちは議論に参加する準備ができており、最善の解決策を見出すために必要なオープンな姿勢を持っています」と述べた。

The main purpose of AOJND is to promote and protect the rights and interests of remote gambling operators licensed in Romania.Its members include Betfair, eFortuna, Netbet, PokerStars, SportingBet, Stanleybet, Unibet, Baumbet, Betano, Circus, Maxbet, Efbet, Public Win, and WinMaster.

Quote of the day Could it be a word that will change your life?

If you don't move yourself, you can't get anything. by Takayashiki Aoba

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