SBC News Betsson pays backdated taxes to German authorities 

Betsson pays backdated taxes to German authorities 

germancourt

Stating its intent to join a future regulated German sports betting market, Malta licensed European operator Betsson Plc has declared that it will pay historic taxes of circa SEK 113 million (£9 million) to the German government.

Issuing a corporate statement declaring its goodwill intent, Betsson governance stated “Betsson still believes that it is not subject to a tax liability, but is opting to declare the tax in order to avoid negative repercussions when applying for a licence in the future.”

The operator self-calculated its tax return at a rate of 5% of German player wagering, set between the period of July 2012 to 31 December 2015.

Company governance stated that it was confident that German regulators would implement a new regulatory framework that would be in-line with European Union business policy and practices.

Hesse Court rulings on German sports betting that have issued just twenty official national betting licenses, have been slammed by the European Court of Justice (ECJ) and officially protested by multiple European operators.

This Thursday German gambling authorities were dealt a further set-back as the ECJ stated that national regulators could not punish unlicensed betting operators as its uncompetitive framework had made it impossible for European betting firms to obtain a required license.

Check Also

Betsson looks to redefine focus of sportsbook marketing in latest campaign

Francesco Totti named Betsson.sport ambassador in Italian market entry

Betsson.sport has named Francesco Totti as an ambassador as the group launches its new sports …

SBC News Betsson moves EU online services to Rizk Nordic after BML Finnish row

Betsson moves EU online services to Rizk Nordic after BML Finnish row

Betsson has moved its online gaming services for European customers to a new holding company …

bet-at-home

Bet-at-home readies for EveryMatrix makeover as year losses mount to €1.5m

Bet-at-home AG has declared a consolidated net loss of €1.5m for its full-year 2023 results …