Lawmakers in Bulgaria have decided to tax all gaming at the rate of 15 percent. Parliament there opted for the higher of two proposed rates, the other being 12 percent.
Previously, gaming was taxed at 10 percent of gross revenue, with sports betting operator Eurofootball taxed that same rate on turnover.
Quarterly fees for each slot machine and table game are also going up. The slot fee will go from BGN 300-about $220-to BGN 500, with gaming table fees increasing from their current BGN 18,000 to BGN 22,000.
One week earlier, the budget commission of the Bulgarian National Assembly rejected the 15 percent tax proposal in favor of a 12 percent rate. But on November 25, Prime Minister Boyko Borisov instructed members of his ruling GERB party to vote to increase the tax on gaming instead of on alcohol, which plan also had been considered.
The increases take effect January 1.
