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Romania Poised to Retroactively Tax Operators

The government of Romania has passed an amended online gambling law this week which puts in place a retroactive tax rate of 20% on online betting operators who serviced the country since 2009.

The amendment will see the National Office of Gambling audit operators who are in the country, giving them three months to make a payment. The idea is that the payment will cause any unlicensed activity to be forgiven by the Romanian government.

Other revisions include allowing the country to ISP block offshore online casinos as well as block financial transactions involving those sites.

It is unlikely that operators will be happy with the measure, but it will likely take some time for the verdict to be rendered, as the country will likely report the number of operators who have applied for licensing through the Eastern European country.

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