The change in the method of taxation of gambling played in columns is provided by a provision submitted by the Ministry of Finance in the bill of the Ministry of Health "Arrangements for the protection of public health from the consequences of the coronavirus COVlD-19".
With the current legal framework for the calculation of the tax, the total profits of the ticket are divided by the total number of columns played and then the foreseen tax scale per column is applied.
That is now changing. From now on, taxation will be applied at a staggered rate, depending on the amount of profits and it is stipulated that part of them will be used to finance sports teams following the issuance of a joint ministerial decision.
Specifically, the new provision modifies the way of taxation for the following categories of games of chance: a) the profits from the games of chance exploited by the OPAP SA, b) winnings from gambling conducted by licensed providers and c) winnings from mutual horse racing betting conducted by licensed providers.
The provision states the following:
The first paragraph of par. 2 of article 60 of law 2961/2001 (A '266) is replaced as follows: "The profits defined in cases b', c 'and d' of par. 1 of article 58, in Column gambling is subject to a tax per game card, according to the following scale:
Earnings per ticket
PERCENTAGE OF SCALE
0-100 at 0,0%
100,01-200 at 2,5%
200,01-500 at 5%
> 500 at 7,5%
Percentage of revenues from the above tax category is used to finance sports teams following a joint decision of the Ministers of Finance and Culture and Sports. The same decision may determine the beneficiaries, the manner of distribution of this funding and any other necessary details ".