Ireland is mulling changes to its gambling tax regime that could shift some of the burden from operators to punters.
Last Friday, Ireland’s Department of Finance announced that it had launched a review of the mid-2015 imposition of new taxes on online bookmakers and exchange betting operators. The review is part of the government’s broader Tax Strategy Group process.
Ireland shook up its gambling industry in 2015 via the long-delayed passage of the Betting (Amendment) Bill, which required all Irish-facing online betting operators to hold a local license. The changes also required online betting operators to pay a 1% tax on turnover derived from Irish punters, while betting exchanges pay 15% of their Irish commissions.
The Department says it’s seeking to determine the effects the tax change has had on exchequer revenues as well as the bookmaking industry. To help arrive at an informed conclusion, the Department is seeking stakeholder input on a few specific areas.