Wednesday, March 15, 2017

The Romanian gambling sector has the best regulations in Europe, which has been admitted in the meetings which the National Gambling Office (ONJN) had at the level of the European Commission and the events it has attended, according to Odeta Nestor, the president of the Office. Besides, all the representatives of the sector, claim, in unison, that in its current form, the legislation in effect is known as being one of the most advanced internationally. Nevertheless, there are still small improvements that could be made to the new legislation, especially when it comes to online gambling. Concerning this aspect, Odeta Nestor told us: "I think that an amendment of the Fiscal Code, to implement retention tax for players, would be the best. Besides, the office has made this kind of proposals for the amendment of the legislation, because I have noticed, based on the functionality of the last few years, that everyone would benefit more through this kind of taxation system: players would be taxed correctly, and the state would earn more in taxes. Right now, aside from the fact that there are players who don't report the entirety of their own gambling revenues, this process is also bureaucratic and difficult".

No comments: