The Italian gambling industry and its players face a €1.1bn tax hike under plans revealed in the new Italian budget for 2020.
Changes to the Budget Law 2020 were approved by parliament on December 23, with raising revenue from the sector for the Treasury as one of the main aims.
The ruling coalition of the anti-establishment Five-Star Movement and the centre-left Democratic Party, which took office in September, said the budget’s main goal was to cancel a rise in sales tax worth €23bn — a move which meant raising money with tax rises on a variety of other areas, including gambling.
Although much of the burden will fall on gamblers rather than operators, it has raised concerns about hitting player participation and turnover.
To continue reading please log in or request a demo to speak to a member of the team.
Request a Trial
Click here to request a trial