AADE is preparing a new Circular, according to information, to determine what are the gross profits of the betting companies, in which the 35% gambling tax should be calculated.
The circular is necessary, because law 4002/2011, although it describes, in article 25, the gross profit as the remaining amount of money if the amounts attributed to them are deducted from the total amount of participation of the players, in the bracket it states (Gross Gaming Revenue or Gross Gaming Yield).
It is noted that "the amounts attributed to them", in addition to the profits are also the benefits under loyalty programs and rewards, which are expenses and not taxable income for betting. They are not "participation" of the player, but money of the betting companies.
So the bonuses must be removed, according to the law in Greek, something that is different from the English term GGR, (which is mentioned in parentheses by the law).
The result of this ambiguity is that it is not clear, if necessary, to calculate the game tax on gross winnings less players 'bonuses and bonuses, or only players' winnings.
Essentially the law describes in Greek the Net Gaming Revenue, -the profits without the amounts attributed to the players- but in the parentheses of the law it has the untested term Gross Gaming Revenue, without any definition.
The Circular prepared by AADE comes to clarify what the law means, what it mentions in Greek or what is incorrectly translated in parentheses.
Sources say that they hope that AADE will consult people who really know the market, and not rely on the personal opinion of incompetent and uneducated people, as is rumored to have happened so far.
Source Insider
The circular is necessary, because law 4002/2011, although it describes, in article 25, the gross profit as the remaining amount of money if the amounts attributed to them are deducted from the total amount of participation of the players, in the bracket it states (Gross Gaming Revenue or Gross Gaming Yield).
It is noted that "the amounts attributed to them", in addition to the profits are also the benefits under loyalty programs and rewards, which are expenses and not taxable income for betting. They are not "participation" of the player, but money of the betting companies.
So the bonuses must be removed, according to the law in Greek, something that is different from the English term GGR, (which is mentioned in parentheses by the law).
The result of this ambiguity is that it is not clear, if necessary, to calculate the game tax on gross winnings less players 'bonuses and bonuses, or only players' winnings.
Essentially the law describes in Greek the Net Gaming Revenue, -the profits without the amounts attributed to the players- but in the parentheses of the law it has the untested term Gross Gaming Revenue, without any definition.
The Circular prepared by AADE comes to clarify what the law means, what it mentions in Greek or what is incorrectly translated in parentheses.
Sources say that they hope that AADE will consult people who really know the market, and not rely on the personal opinion of incompetent and uneducated people, as is rumored to have happened so far.
Source Insider