Czech Republic Plans Tax of Illegal Online Gaming

The Czech Republic has announced a plan to go after unlicensed online gambling sites through a tax levy. The country is seeking to recoup about €17 million in annual lost taxes.

The Czech Ministry of Finance has released a plan to tax unlicensed online gambling companies operating in the country.

The ministry wants to recoup about €17 million in lost taxes annually.

That has left many online operators trying to determine if they should pay the tax, or pull out of the country.

The country’s current licensing requirements require online gambling companies to establish a physical presence in the country. However, last year officials announced plans to amend their requirements and eliminate the requirement. Officials hope the new tax will encourage operators to seek licenses, according to reports.