10 per cent tax on the income from gambling activities (Bulgarian) | IXGAMES
Bulgarian -Â Organizers of toto and lotto and of casino betting on the outcome of a sports competition and uncertain events will pay a 10 per cent tax on their income, Bulgaria’s Parliament resolved, passing conclusively the new Corporate Income Tax Act. 
The National Assembly Budget and Finance Committee proposed that the rate of this tax be 8 per cent, and the Council of Ministers, which moved the bill, proposed a 10 per cent tax rate for all gambling activities, BTA reported. Addressing the legislature, Deputy Finance Minister Georgi Kadiev said that some 25 million leva were collected in income tax from casino gambling organizers in 2005. A reduction of the tax rate to 8 per cent for all types of gambling activities would lead to a 2.5 million leva loss for the exchequer, while a 10 per cent rate for all such activities would result in an extra budget revenue of 5.5 million leva, of which 2 million would come from the Bulgarian Sports Totalizator, leaving a net revenue of 3.5 million leva, Kadiev noted. The rate of tax on income from organizing lotteries, raffles, bingo and keno numbers lottery will be 12 per cent, the MPs resolved. The same rate will apply to income from organizing casino games of chance where the value of the bet consists in an increased charge for a telephone or another telecommunication link. Parliament also set the taxes on organizing casino games of chance played on gambling devices.
