Irish Online Gambling Tax to Become Law

Irish Online Gambling Tax to Become Law

Saturday, 7 March 2015

Ireland's much delayed new online gambling taxation system is set to come on stream. Finance minister Michael Noonan has confirmed that the bill has been sent to the President to sign into law.

The much delayed legislation is expected to rake in €25 million tax revenue each year as offshore operators offering games to local residents start to pay taxes on betting transactions with Irish gamblers.

At present, online poker and betting companies have enjoyed something of a tax haven in Ireland, but after working on his policy for three years (since he took up the position of Minister for Finance), the bill is now ready to pass it into law.

Tags: Ireland, law, legislation