|Portugal's final version of online gaming regulation is adapted from the experiences of its European neighbors, who are slowly accepting online gaming legislation. Gross gaming revenues in the online poker category will be taxed 15% across the board, applicable to operators with cumulative gross income of all games not surpassing €5 million. For operators with income surpassing €10 million, the rate is set at 30%.
PGRI Note: Again, this article is written by advocates for commercial friendly regulations and low tax rates.
|“The Gambling (Licensing and Advertising) Act is expected to come into force on October 1, 2014. Offshore gambling operators—currently regulated overseas but transacting with consumers in Britain—wishing to continue to provide services in Britain beyond this date have until 16 September to make an application and pay a fee to ensure their business is not impacted.”|
Public Gaming Magazine January/February 2014