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News » Home » Spanish Government Introduces Tax Reduction for Online Gambling Operators Spanish Government Introduces Tax Reduction for Online Gambling Operators The Spanish government has reduced taxes for online gambling operators in the country after its 2018 fiscal budget was passed into law. The long-delayed 2018 budget was passed last Thursday. It was postponed last year after attempts to find allies to support it were reportedly undermined by Catalonia , which is seeking independence from Spain. Now, with the budget approved, this year’s socialist government, led by Pedro Sanchez, can begin work. As part of the budget, tax cuts for online gambling operators were confirmed, reports SBC News . The European nation is cutting gross gaming revenue from 25% to 20%. The cut will apply to a variety of online gaming avenues, such as sports betting, fixed-odds betting, fixed-odds horse racing, online casino games, bingo and poker, and betting exchanges. In addition, the tax rate on gross gaming revenue from pari-mutuel sports betting was cut from 22% to 20%. However, the tax on pari-mutuel horse racing and pool betting gross gaming revenues was increased from 15% to 20%. The changes became effective July 1 and reportedly come at a vital point for Spain’s gambling industry.
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