How To Guides
- Childbirth & Education
- Legal Formalities
- Pensions & Benefits
- Property & Accommodation
Did you know...?
- Airports and Airlines Spain
- Paramount Theme Park Murcia Spain
- Corvera International Airport Murcia Spain
- Daily brief -Thursday 1 December 2016
- When Expat Eyes Are Smiling
- Meet Wincham at The Homes, Gardens & Lifestyle Show, Calpe
- QROPS 2014
- Spain Increases IHT in Valencia & Murcia
- Removals to Spain v Exports from Spain
- The Charm of Seville
- Gibraltar Relations
- Retiro Park : Madrid
- Wincham announce opening of Marbella office
- Community Insurance in Spain
- Calendar Girls
- Considerations when Insuring your Boat in Spain
- QROPS – HMRC Introduces changes that create havoc in the market place
- QROPS – All Change From April 2012
Spain raises 60 million in online gaming back-taxes
Spain has raised around 60 million in back taxes from gaming companies this week after Britain's Betfair said it had settled with the authorities for a sum of under 10 million.
Gaming companies are scrambling to pay off their liabilities in time to qualify for online licences the Spanish authorities are due to award on June 1.
Betfair said it expected to be awarded a licence covering its sportsbook next month and some casino products and plans to apply for a poker licence shortly afterwards.
The company this month won one of the first online gambling licences issued in Germany.
Bwin.party digital, the world's largest listed online gaming company, said on Monday it would pay 33 million to settle a bill relating to the January 2009 to May 2011 period when companies were operating in a market without a clear legal framework.
Sportingbet followed suit on Tuesday, paying 17.2 million to settle its arrears.
Spain is one of a number of European countries that are regulating online gaming, a potentially lucrative source of revenues for austerity-hit economies.
Although taking a short-term hit, analysts say larger operators stand to benefit from clearer regulation that removes some of the uncertainty hanging over the sector.
Latest News & Stories
- Spanish unemployment sees first November rise in three years
- US developer planning mega-resort outside Madrid
- Spain to hike taxes on tobacco, alcohol and soft drinks to raise 8 billion
- Spain PM says must maintain policy of fiscal consolidation
- Bullish Spanish opposition calls on government to repeal gag law
- Spain's consumer prices rise 0.7 pct in Oct
- Lidl opens pop-up restaurant in Madrid
- Spanish economy to maintain growth rate in fourth quarter - economy minister
- 80% of Spaniards aged under 30 are still living with their parents
- Why does Spain collect less income tax than its EU neighbors ?