Skip to main content

Gambling Tax Laws in Ireland won't be amended in 2018

Gambling Tax Laws in Ireland won't be amended in 2018

One of the most popular form of entertainment in Ireland is gambling. With the modern versions of online betting and online casinos gambling has become even much more popular.

There were some discussions in 2017, as the government was debating about increasing the taxes. Fortunately, the final decision was taken by Pascal Donohoe, the Irish Minister of Finances. He said that there won't be any raising of the taxes yet. Some potential actions concerning the Betting Tax Review in Ireland may be considered for the Budget 2019.

 

In Ireland as a country where online gambling is considered as the most popular form of pastime, any possibility of a tax raise can become real

 

Many changes and amendments in the Tax Law were considered by the Finance Minister of Ireland. For example, doubling the tax as a whole. There was an idea to start taxing players, to introduce a new tax regarding the gross profits of bookmaking companies.

Many complaints followed these discussions, and finally the Minister decided to delay gambling tax changes until new review will be done for the next budget 2019.

Eventual raise of the taxes could lead to the loss of jobs as bookies may decrease. Another result is the rise of illegal gambling in the country as players may look for somewhere else for their pastime and entertainment.

The current tax paid by bookies and providers on their annual revenue is only 1%. This percentage is admitted as the lowest all over the world.

Future changes

Political parties business companies could not pass their pushing for a raise in the taxes of at least 1%. Paschal Donohoe declared that there will be new discussions. The gambling industry in Ireland should prepare for the possibility that changes and amendments in the law will be introduced in 2019.

In the future eventual pushback against these changes will probably continue. It will be mainly in the horse racing industry, addiction services, and even private individuals. Time will tell what the real outcome will be for players and operators in Ireland.

Latest Casino News

Jun 03, 2021
The online casino industry is growing as fast as possible. Millions all around the globe prefer it as a form of entertainment from home and on go. They play for fun and with the hope to win…
May 10, 2021
The history of online slot machines is quite long and dates back to the 1800s. The creator of the first slot machine was Charles Fey who worked as a car mechanic. In 1895 he made a very…
Apr 18, 2021
Online casino industry has recently seen rapid expansion thanks to the latest advancements in technology. It has evolved from online gameplay on computer desktops to modern smartphones or…
Mar 21, 2021
Modern online casino industry provides a lot of fun and plenty of rewards to millions in every corner of the world. Using the latest technology innovations and improvements the online…
Feb 15, 2021
Over the past few years the online casino industry has expanded massively. Many new online casinos including scam ones have made their appearance on the market scene. The main and most…
Jan 05, 2021
Nowadays players feel free to play their favourite online casino games from anywhere and at any time. This has been made possible thanks to the great technology development and innovations…
Dec 15, 2020
The online casino industry is growing extremely fast. New exciting games are created by talented developers. New casinos appear every day. Customers play for fun and the lucky ones win big…
Nov 30, 2020
Playing online casino games is a common form of entertainment all over the globe. Over the past few years the gaming options have increased a lot. Government authorities in many countries…