OPAP agents welcome new Greek tax rate

OPAP agents welcome new Greek tax rate

Thursday, May 26, 2016 Totally Gaming
A flat rate of 35 per cent of GGR will be charged to all operators

A group representing OPAP agents has backed the Greek government’s plans to introduce a new flat gross gaming revenue tax of 35 per cent on all online operators.

Earlier draft legislation had suggested a tiered rate of between 30 to 35 per cent could be implemented depending on the size of the operator, however protests have led to equal terms for all.

The Panhellenic Federation of Professional Agents of OPAP (PFPAO) thanked politicians that had helped to change proposals. It explained that the flat rate would help OPAP and its agents to compete, contending that many of the 24 licensed online betting operators are “based in tax havens abroad”. 

The governing Syriza party expects the change, which will be applied retroactively to January 21, 2016, will provide the country's depleted tax coffers with an annual €54m ($60.4m) in tax revenue.

"This is definitely a positive development,” an OPAP spokesperson said. “It replaces the original provision on staggered increase by providing a single, uniform tax rate. The final arrangement is largely good, although not completely equal for the taxation of gambling companies. 

“We recently explained why the implementation of tiered tax rate favoured the 24 temporarily-licensed betting companies against OPAP, and that this would have a negative effect on the agents within the industry. This was exactly the reason for our protest and it is encouraging that this intervention has been warmly welcomed in most of the political world.”

TotallyGaming.com says: “OPAP’s agents, even in a moment of victory, have again highlighted their hostility towards rival online gaming operators.”

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