The Spanish government is now considering introducing a tax on egaming gross profits following the ditching of controversial plans for a tax on turnover.
The U-turn by the ruling Socialist Workers’ Party followed objections from the Remote Gambling Association, the European Gaming and Betting Association and the Spanish Association of Online Gamblers.
The cabinet has already approved a draft egaming bill to regulate all forms of remote gambling, but it remained unclear whether the Spanish Council of Ministers had approved a tax model based on turnover or gross profit.
A spokesperson for the RGA said: "The move to a gross profits tax is a very welcome development. We are pleased that the Spanish authorities have listened to our detailed arguments and the negative impact that a turnover tax would have had on the market.”
