Connect with us
SIS

Compliance Updates

Constitutional Court of Belgium invalidates a 2016 constitutional amendment which calls for gambling operators to pay 21% VAT

Niji Narayan

Published

on

Photo credits: www.gefyrathebridge.com
Reading Time: < 1 minute

The Constitutional Court of Belgium invalidated a 2016 constitutional amendment on Thursday which called for online gambling operators to pay a 21% value-added tax on their Belgian operations.

The online gambling market was regulated by Belgium in the early 2010 when amendments to the Gaming and Betting Act of 1999 were publicised in the Belgian Official Gazette. The amendments came into force on January 1, 2011 to permit international gambling operators to apply for licenses from the Belgian Gaming Commission and operate in a regulated environment.

 

The Belgian Finance Ministry in 2016 successfully advanced a bill that proposed for online gambling services to become taxable under the country’s VAT laws. The new taxation regime came into effect on August 1, 2016.

In most general case Gaming and betting transactions are exempt from VAT. The Belgian government justified its decision to alter the status quo in 2016 with the need for new revenue sources and for a major boost to the country’s tax income. It was estimated that the termination of gambling and betting companies’ VAT exemption could generate the additional amount of €39 million for Belgium’s coffers.

Malta-headquartered gambling operator Kindred Group (previously Unibet Group) was among the first to comment on the latest tax developments in Belgium and the Constitutional Court decision. The company has previously challenged the introduction of VAT on online gambling operations, slamming it as “unfair” and arguing that it undermined “policy objectives” and lowered channelisation by affecting consumer protection.

Last week in a statement Kindred stated: “The ruling also points out the inherent incompatibility between consumer protection and tax revenue objectives, especially when products (lotteries vs other products) and channels (retail vs online) are treated differently.”

Advertisement Kasynos.Online

Asia

ASCI Publishes Guidelines on Advertising Real Money Games

Niji Narayan

Published

on

ASCI Publishes Guidelines on Advertising Real Money Games
Reading Time: < 1 minute

 

The Advertising Standards Council of India (ASCI) has published its first set of guidelines on advertising real-money gaming.

ASCI advised its members to exercise caution when promoting real money games, an advertising segment deemed to be high-risk by the watchdog.

ASIC guidelines state that members must ensure that real-money advertisers cannot promote games or services “depicting any person under the age of 18 years” – a requirement enforced across all mediums.

All real money gaming adverts must carry a “Please Play Responsibly” disclaimer, warning consumers of the associated financial risks and potential addictions – with warnings implemented across audio and video platforms.

Also, Indian broadcasters and media owners must ensure that participation in real money games is not depicted as an “income opportunity or employment option.”

Continue Reading

Compliance Updates

Invitation BOS webinar on bonus regulation

George Miller

Published

on

Invitation BOS webinar on bonus regulation
Reading Time: 2 minutes

 

Learn all about the Swedish bonus regulations! The do’s and don’ts of what gambling companies can offer their customers under the regulations. Welcome to a BOS webinar in cooperation with law firm Westerberg & Partners Advokatbyrå on the theme: Bonuses on the gambling market – what is the legal position in Sweden?

Thursday December 3, 11 am-12 pm CET

The Administrative Court in Sweden rendered verdicts in four cases earlier this year on the rules in the Gambling Act of what constitutes a bonus and the dividing line between lawful welcome bonuses and unlawful bonuses. At least three additional cases will be examined by the Court in the near future. Two of the cases have been appealed to the Administrative Court of Appeal. An additional case has been examined by the Patent and Market Court regarding the legal restrictions on the marketing of bonuses. The case partly confirms and partly contradicts what the same court stated in the first judgment on the issue last year.

We bring clarity to the courts’ reasoning and verdicts with support from Westerberg & Partners Advokatbyrå and its lawyers Stefan Widmark, Bodil Ehlers, Petter Larsson and Josefine Lindén. They will guide us towards an increased understanding of the regulations on bonuses, conditions for bonuses such as requirements on use, time limits, including the admissibility on, inter alia, the following offers:

  • VIP-schemes
  • Loyalty programs
  • Recurring deposit bonuses
  • Offers of recurring bonuses when depositing funds
  • Offers of recurring cashbacks
  • Weekly free games
  • Recurring free spins

In addition – as a bonus – we offer concluding reflections from the CEO of Åland based gambling company Paf Christer Fahlstedt. Paf operates in many jurisdictions. How well does the Swedish bonus regulation work compared to other jurisdictions? Has Sweden found the perfect balance between costumer protection and profitability?

The webinar will be held in English. RSVP no later than December 2 to [email protected]

The webinar is not exclusive for BOS members but open to all interested. A link to the webinar will be distributed on December 2.

Continue Reading

Compliance Updates

Italian Court Rules in Favour of Operators in License Extension Dispute

Niji Narayan

Published

on

Italian Court Rules in Favour of Operators in License Extension Dispute
Reading Time: < 1 minute

 

Recently, several operators have headed to the Italian court to launch appeals concerning extensions for their expiring licenses. Now, the Lazio TAR Administrative Court has returned its verdict in favour of operators.

This rules against the ADM Customs and Monopolies Agency, Italy’s gambling regulator and the ones who initially declined to grant extensions to the licenses.

Betway, Nexigames, Snaitech and Sportpesa filed separate appeals against the end of their licenses. These licenses were due to expire at the end of October.

The court ruled that the ADM should give a one-year extension to each operator which would become effective immediately. They also ruled that the government would not be able to deny license extension requests regardless of the potential upcoming reforms.

With a new Budget Law being signed at the end of December, the TAR also advised that the government should include some clear conditions for online gambling concessions.

Continue Reading
Advertisement
NSoft
Advertisement
EvoPlay Entertainment

Subscribe to our News via Email

Enter your email address to subscribe to our news and receive notifications of new posts by email.

Trending

Notice for AdBlock users

We are constantly showing banners about important news regarding events and product launches. Please turn AdBlock off in order to see these areas.