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Greek gambling tax hike imminent

The Greek daily newspaper Ethnos reports that effective September 21st 2009 the government will be implementing a 10% tax on gambling winnings.

The news report reveals that a decision by the Ministry of Economy and Finances cancels the non-taxable threshold, which has been in force up to now, despite the strong opposition of gambling companies.

A 10% tax is levied on all winnings, upwards from €1, in respect of lottery, gambling games and stakes.

There will also be a 20% tax levied on all winnings larger than €1,000 won by any contest participant.

Source: InfoPowa News