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Spain online gaming companies bemoan unfair taxes

Mon 28th Jan 2013
Spain online gaming companies bemoan unfair taxes

Many of Spain's 53 licensed online gaming operators are considering a move away from the country in the face of falling profits and increasing taxes.

A tax of 25% on gross gambling revenues is limiting the profits of on-shore gambling operators who hold an internet wagering licence from Spain's gambling authority.

Eduardo Antoja, President of the group representing the country's land-based gambling firms called the the 25 % tax "uncompetitive" compared to the 15% tax proposed in the U.K. - even then companies are trying to reduce this to 10% to be competetive, he complained.

However, the Spanish government are not interested in any compromise here, and are continuing their regime of high taxes and a highly regulated market. Before so much as granting licenses to operators the Spanish authorities required operators to pay 4 years worth of back taxes in advance in order to qualify for the licence.

Spain is battling to improve the 140m in online gambling tax revenue it collected in 2012 by adding an further 20m to revenues in 2013.

Regulators can however allow the resale of licenses by authorized Spanish subsidiaries.

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