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Poland: Accepted Changes In Taxes, Including Gambling

George Miller

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Poland: Accepted Changes In Taxes, Including Gambling
Reading Time: 1 minute

Poland’s lower house (Sejm) has voted down five Senate amendments to a comprehensive amendment to several tax bills, including gambling.

The adopted amendments may be applied retroactively, which is to the income earned from January 1 2018.
Gamblers will be treated in a uniform manner after the changes.

Adopted by the Sejm on May 10th of this year extensive amendment to the Personal Income Tax Act (PIT), the Corporate Income Tax Act (CIT) and the Act on flat-rate income tax on certain revenues earned by natural persons; that all winnings on machines will be exempt from PIT, the tax relief for creators will be extended to the next creative professions, the real estate income tax will be larger. This applies to provisions adopted last autumn and effective from January 1st 2018.

Unlike the regulations adopted in autumn, the amendment assumes for example, that participants of legal gambling will be treated in a uniform manner. Regardless of whether the games are organized by casino operators or a company performing a state monopoly in this area, which would be Totalizator Sportowy. In line with the provisions changed by the Sejm and approved by the Senate on Thursday, winnings in slot machine games, card games, dice games and cylindrical games – regardless of which legally operating entities organize them – will be exempt from personal income tax.

In the remaining scope, the rules of taxing winnings (in numerical games, cash lotteries, mutual bets, etc.) are to remain unchanged in relation to the provisions currently in force. Pursuant to the amendment of October 27th 2017, winnings in gambling are subject to a l0% PIT tax on winning if their one-time value of winning exceeds PLN 2,280 (528 Euro).

George Miller started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

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CEEGC 2018

Romanian Gambling Industry update with Cosmina Simion (NNDKP) at CEEGC Budapest 2018

Zoltan Tundik

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Reading Time: 2 minutes

Budapest – 20 August 2018 – Since the regulation of the Romanian gambling industry, most of the large brands have obtained licenses to offer their services on the territory of the country. There is no doubt that the industry in the region is booming when it comes to licensing, but what makes the Romanian markets so popular among regulated gambling markets in this part of Europe.

We are honored to announce the latest speaker who will join the “Focus on Eastern Europe” panel discussion and share the insights of the Romanian gambling industry.

Cosmina Simion (NNDKP – Nestor Nestor Diculescu Kingston Petersen) an expert, who is often quoted in the industry portals and magazines and has extensive knowledge about the up and downs of the gambling industry in Romania compared to other jurisdictions.

About Cosmina Simion

Cosmina Simion co-heads the Gaming and Consumer Protection & Advertising practices of NNDKP, a preeminent business law firm in Romania. In addition to the gambling industry, her practice focuses on IP/IT, media & entertainment and online industries, having acquired a strong expertise in these fields in her 19 years of professional activity.

In the gaming field, her experience encompasses the full range of regulatory and operational gaming aspects, assisting betting and gaming operators, software & platform suppliers, financial services providers, auditors & certifiers, industry relevant associations or marketing affiliates.

Cosmina has also been actively involved in the review and drafting of the gaming legal framework (primary and secondary legislation), including representing clients before the Romanian regulator.

Previous coordination roles include heading the IP, media and technology practice of a Tier 1 global law firm, and acting as an in-house counsel at a US media group.

Cosmina is acknowledged as Leading Individual in the field of Gambling law by Legal500, being the only Romanian lawyer included in the highest band of the rankings.

She is a General Member of IMGL.

Make sure you grab your seat in time and attend the most prestigious boutique style gaming event which gathers C-level executives yearly in one of Europe’s most visited city. Register here!

You can browse the full agenda and already confirmed speaker list on the following link.

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BetConstruct Press Releases

BetConstruct attends the Entertainment Arena Expo 2018

George Miller

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BetConstruct attends the Entertainment Arena Expo 2018
Reading Time: 2 minutes

BetConstruct has a major gaming event in the European region ahead, the Entertainment Arena Expo in Bucharest, Romania.

The three day event starts from September 3 offering a perfect opportunity for BetConstruct to showcase its gaming and betting verticals alongside other significant developments of the company. At Stand 525 we will demonstrate the latest additions to our offerings including Sportsbook, RNG & Live Casinos, Virtual Sports and Retail Solutions with a recently secured Romanian Class II Licence for land-based operations.

To start a business with our products and services and become an independent operator we have SpringBME. The platform opens the door to the vast world of gaming, betting and data feed solutions with transparent pricing and a growing number of licences secured from the most reputable gambling authorities.

“Romanian gaming market has reached a high level of transparency and keeps on improving its regulatory framework,” says Aza Andreasyan, business development executive at BetConstruct. “BetConstruct closely follows the updates regarding the tax changes in gambling and data protection regulation in Romania to offer perfected solutions tailored for this market.”

Apart from talking gaming and betting, we will share our thoughts and expertise in obtaining licences and managing fraud and risk as well as industry-recognized customer service.

BOOK A MEETING: http://bit.ly/RegisterArenaExpo

 

About BetConstruct:

BetConstruct is an award-winning developer and provider of online and land-based gaming solutions with development, sales and service centers in 15 countries.
BetConstruct’s innovative and proven offerings include an extensive range of products and services, including Sportsbook, Sports Data Solutions, Retail Solutions, RNG & Live Dealer Casino, VR Casino, Poker, Skill Games, Fantasy Sports, Social Platform and more. The latest addition is the industry-first complete management infrastructure, SpringBME (Business Management Environment).
All partners benefit from the BetConstruct Spring platform with its powerful back office tools and all-inclusive services that empower operators’ growth and help contain their costs. From stand-alone set up to turn-key and white label solutions, BetConstruct offers its partners unfettered opportunity to succeed.

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Eastern Europe

Unibet The New Official Partner Of FC Dinamo Bucharest

George Miller

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Unibet The New Official Partner Of FC Dinamo Bucharest
Photo Credits: fcdinamo.ro
Reading Time: 2 minutes

FC Dinamo Bucharest announces a new long-lasting partnership with one of the most prestigious online bookmakers in the country, Unibet.

“Unibet has shown us that it has the expertise and the passion to become more than a sponsor for Dinamo. Together, we are on the way, in a partnership through which, together with the financial component, which will help to balance the club, we want to we have a series of unprecedented experiences for Dinamo fans. “In concretizing this partnership, it was a great deal to us that Unibet is one of the players that puts great emphasis on responsible gaming.” – Alexandru David – President of FC Dinamo Bucharest.

“Unibet has proved to be the most serious operator of sports betting in Romania. Dinamo is a team of tradition with a spectacular game and the partnership between us and a betting operator that puts the players first comes as a normal step. we are glad that they came with us because we are in a moment when we have to collect the rows and bring Dinamo back where it is. ” – Ionel Dănciulescu, General Manager FC Dinamo Bucharest.

By signing this partnership, Unibet becomes the official betting partner of FC Dinamo Bucharest. This partnership is the first step in a long-term project in which we want to involve the entire Dinamo community in time.

Lucian Prisecaru, Country Manager of Unibet for Romania, said: “We are glad to announce that Unibet has become an official partner of Dinamo Bucharest. The three values ​​of Unibet, friendship, passion and expertise are perfectly intertwined with Dinamo’s vision and ambitions. We want together to give club supporters as many pleasant surprises and unforgettable experiences alongside their idols, and we want together to achieve the most daring goals. ”
Dinamo thus joins a portfolio of teams and competitions that Unibet, part of the Kindred group, supports as partners: PSG, Aston Villa, Italian Cycling Tour, or Jupiler Pro League.

 

Source: Kindred Group

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