Taxation of winnings above 300 euros

The government approved the amendment at a telephone session

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Revelers were outraged by the Government's measure (illustration), Photo: shutterstock
Revelers were outraged by the Government's measure (illustration), Photo: shutterstock
Disclaimer: The translations are mostly done through AI translator and might not be 100% accurate.

The government established an amendment to the Bill on personal income tax, which is in the parliamentary procedure, which stipulates that all winnings from games of chance that exceed 300 euros will be taxed at a rate of 15 percent.

A decision was made on this yesterday in a telephone session.

Originally, it was planned that all winnings from games of chance would be taxed at a rate of 15 percent, which caused a sharp reaction from organizers of games of chance.

In the explanation of this amendment, the Government stated that it amends the proposed Article 375 in order to prescribe what is considered income and winnings from games of chance, as well as the amount on which tax is not paid on winnings from games of chance.

"Namely, it is stipulated that income from games of chance is considered to be any winnings from games of chance that are realized in accordance with the law governing games of chance, and winnings from games of chance are considered to be the amount of the individual payout of the winnings minus the amount of the individual payment on the basis of which the gain was achieved", the explanation states.

A second amendment was established, according to which the tax on the income from games of chance is paid simultaneously with the payment of the winnings, so that the identification of the players of the games of chance could be carried out during the payment of the winnings and to create conditions for further improvement and coordination in this area.

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