Italian authorities have announced that they are to introduce new tax rules for online sports betting operators in the country, confirming that companies will now pay a 22% tax on betting revenue.
Operators active in the country currently pay online turnover tax, which ranges from 2% to 5% depending on the type of wager placed by punters.
However, the Italian Budget Committee last week gave its approval to a number of new amendments to the Stability Law that will see this system replaced with a 22% on revenue.
The online sports betting revenue tax is higher than the 20% tax rate that will be imposed on online poker, casino and bingo operators, as well as a new 18% rate for retail betting brands.
Subject to approval from the Chamber of Committees, the new tax laws will come into effect from January 1, with exception to the bingo tax, which will not be put in place until the following year.
Other proposed changes put forward in the draft law include an increase in taxes on amusement with prizes (AWP) and video lottery terminal operators.
AWP tax is set to increase to 17.5% while minimum payout rate will be lowered to 70%.
The draft law must be given final approval before the end of the year.
