The coalition government in Czech Republic has agreed to scale back planned tax increases for the betting and gaming industry in 2016, but will increase tax rates for slot machines.
Leaders of the Social Democrats, ANO movement and Christian Democrats agreed that the tax for betting companies would rise to 23% from the current 20% threshold.
At 23%, the tax threshold is lower than the 25% previously mentioned by the country’s Finance Ministry.
The changes were confirmed by Social Democrats caucus chief Roman Sklenak to the Reuters news agency.
However, a planned increase to 25% has been edged up to 28% for slot machine operators, who will also pay a fee of 110 crowns per day for each machine, Sklenak added.
“We agreed in the coalition council that this amendment should be filed,” Sklenak said.
Fortuna Entertainment could save about Cz30m (€1.12m/$1.26m) in 2016 due to the lower-than-planned tax rate, according to the Hospodarske Noviny business newspaper.
