CONTINUEThis site uses cookies. By continuing to browse this site you are agreeing to our use of cookies. Find out more.
  1. Front Page
  2. News By Topic
  3. Betsson To Pay Disputed Back Taxes To Germany

Betsson To Pay Disputed Back Taxes To Germany

by Ulrika Lomas, Tax-News.com, Brussels

08 February 2016


Betsson is to pay SEK113m (USD13.4m) in past gambling tax to the German Government in the hope of securing a license in a future regulated German gaming market.

Betsson, a gaming firm listed on the Stockholm Stock Exchange and operating in Malta, divulged in a statement published on February 3 that it is opting to pay the tax, although it believes it has not incurred that liability, in order to avoid "negative repercussions" when applying for a licence in the future.

The company intends to submit an income tax return for gaming tax in Germany for the period July 1, 2012, to December 31, 2015.

However, at the same time the company stressed that "it is not subject to a tax liability" because Germany is not entitled to tax companies domiciled in another European Union member state if they do not have any operations in Germany.

Since July 1, 2012, sports betting and lottery winnings in Germany have been subject to a withholding tax of 5 percent.

"Betsson still believes it is not subject to a tax liability, but it is choosing to declare in order to prevent being differentiated from other companies which have applied or will apply for a licence," the statement explained. Nevertheless, Betsson said it intends to challenge the tax liability.

The German authorities have yet to issue licenses to allow foreign companies to operate in the German gaming market. However, Bettson is of the view that about 20 gaming licenses will be issued soon, and that the German market for internet gaming "may become one of the largest in Europe."

TAGS: tax | Malta | internet | gambling | withholding tax | Germany | Sweden | Europe

To see today's news, click here.

Leave a comment

Read our Posting Guidelines

 






Close

Password Reminder

Please enter your email address to receive a password reminder.

 






Tax-News Reviews

Cyprus Review

A review and forecast of Cyprus's international business, legal and investment climate.

Visit Cyprus Review »

Malta Review

A review and forecast of Malta's international business, legal and investment climate.

Visit Malta Review »

Jersey Review

A review and forecast of Jersey's international business, legal and investment climate.

Visit Jersey Review »

Budget Review

A review of the latest budget news and government financial statements from around the world.

Visit Budget Review »



Tax-News+ Updates

Receive FREE daily updates from Tax-News.com, straight to your inbox. Register Now!

For a tailored solution, choose to receive selected news updates for your preferred jurisdictions and topics, with our enhanced Tax-News+ subscriber service. Read more...

 

Stay Updated

Please enter your email address to join the Tax-News.com mailing list. View previous newsletters.

By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.


To manage your mailing list preferences, please click here »