Czech Republic Finance Minister Andrej Babis is proposing that the country increase its gambling tax to between 30 percent and 40 percent of gross win, up from 20 percent. Gambling firms also currently pay a 19 percent corporate tax rate.
Under the proposal, fixed-odds betting would be taxed at a lower rate than gambling machines.
The finance ministry hopes to overhaul the country’s gambling industry—including allowing foreign-owned online betting companies to operate in the country—under a new gambling law with tighter regulation and a tax increase.
News of the proposed change comes after a report in iGaming Business that the country will treat gambling as an illegal drug under new changes to the country’s anti-drug policy. The country hopes to enact measures to curb access to gambling.
