Fri. Nov 15th, 2024
Dutch Gambling Industry Faces Uncertain Future Amidst Tax Increase – ISA-GUIDE

The Dutch government’s plan to significantly increase gambling taxes has been met with strong opposition from industry leaders and experts. The proposed hike, which is set to be implemented in two phases, is expected to have a significant impact on the country’s gambling market.

Starting from January 1, 2025, the gambling tax rate will increase from 30.5% to 34.2% of gross gaming revenue (GGR). This will then be followed by a further increase to 37.8% in 2026. The government anticipates generating an additional €202 million in tax revenue annually through these changes.

However, the industry has raised concerns about the potential negative consequences of this tax hike. The Dutch Gaming Association (NOGA) warns that it could lead to further decline in the number of regulated operators. Additionally, there is a risk of increased illegal gambling activity, which could undermine the government’s efforts to protect consumers and prevent gambling addiction.

Despite these concerns, the government remains committed to the tax hike. The bill has passed through the lower house of parliament and is now awaiting approval from the upper house. Once ratified, the law will take effect.

Interested in a chat on how to stay compliant with gambling regulations in different jurisdiction? Contact Chevron Group‘s experts Thees Buschmann ([email protected]), Kurt Laferla ([email protected]) or Lawrence Marchese ([email protected]) today! Follow us on LinkedIn for more industry related news.

By Xplayer