Dutch government proposes 0.5% gambling tax hike
Coalition remedy original 0.3% increase to take GGR tax up from 29% to 29.5% as government eyes extra funds
The Dutch coalition government has proposed to raise the current gambling tax rate in the market from 29% to 29.5%.
In an amendment to tax laws for the Netherlands’ upcoming 2023 fiscal plan, Romke de Jong has tabled a proposal to further increase the tax on gross gambling revenue (GGR) as the government looks to bolster its coffers.
The original proposal for the new tax plan would have seen the tax rate increase from 29% to 29.3%.
The amendment is backed by de Jong’s Democrats 66 party, as well as the People’s Party for Freedom and Democracy, the Christian Democratic Appeal and the Christian Union.
The quartet form the current Dutch coalition government, making it likely for the proposal to pass.
Secretary of State for Finance Marnix van Rij tabled the original 0.3% rise in GGR tax as part of his fiscal strategy.
The Christian Democratic Appeal politician also ramped up duty on tobacco products to help his country’s finances.
The latest move from the Dutch government will likely displease firms in the market, that had seen a proposal for dropping the tax rate from 29% to 25% dismissed.
The Dutch government is also set to bring in a swathe of gambling advertising restrictions, starting in January 2023.
The measures will see the eventual phasing out of marketing and sponsorship of sports teams as the government looks to get to grip with the exploding market following its regulation in October 2021.