Enhanced oversight and changes in taxation
The Ministry of Finance and National Economy of Greece has introduced a bill to reform the regulation of gambling. The document outlines measures against illegal gambling, enhanced oversight of the licensed sector, and changes to the taxation of winnings in online games.
If the bill is passed, the Hellenic Gaming Commission (EEEP) will have expanded powers. The regulator's staff will also increase—from 80 to 110 people—due to the addition of new employees specializing in information technology, cybersecurity, analytics, and control.
The bill proposes to require banks to block transactions that relate to unlicensed gambling operators and generally tighten sanctions for failing to meet various requirements. Specifically, those who organize illegal gambling could face up to 10 years in prison and fines ranging from 50,000 to 700,000 euros, and in exceptional cases—up to 800,000 euros.
Regarding changes in taxation, the ministry seeks to tax winnings from each session in online gambling. The terms are as follows: winnings up to the first 100 euros will remain tax-free, from 100 to 500 euros will incur a 20% tax, and from 500 euros and above—a 30% tax.
Public consultations on the bill until June 15
Public consultations on the bill will last until June 15, after which the project may be revised before being submitted to parliament.
