Reform in the Air in Greece

Sun, Oct 22, 2017

The government is reported to be considering lowering the tax on land-based gaming in hopes of luring foreign investors to a resort project outside Athens at the city’s former airport (l.). A streamlined licensing system might also be instituted.

Greece’s governing coalition is reported to be considering reducing the tax on gaming revenue in hopes of attracting resort-scale foreign investment.

Athens-based daily I Kathimerini said the leftist Syriza government may introduce legislation taking aim at the current tiered tax structure, which scales upward to 37 percent, following a consultation among cabinet ministers.

Shortly after winning the 2015 general election the Syriza simplified the tax structure on online gaming with a fixed 35 percent levy on revenue.

Additional reforms, such as more streamlined licensing, may be in the offing for the land-based sector as well, the newspaper reports, in line with the government’s launch of competitive bidding for a resort casino on the site of the former Elliniko international airport outside Athens.

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