Tax on gaming machines unjustifiably low, says economy minister

Banking

The gambling tax paid by operators of gaming machines is unjustifiably low in many cases, business daily Napi Gazdaság quoted National Economy Minister György Matolcsy as saying in its Tuesday issue.

The tax – at HUF 100,000 per venue – has been unchanged since September 1, 2005, Matolcsy said.

The National Economy Ministry is considering the introduction of an electronic online system for monitoring revenue and winnings of gaming machines, the paper said. Such a system could allow venues with more revenue from gaming machines to pay more tax.

Proposed amendments to legislation on gaming machines and online gambling are to be submitted to Parliament in the autumn.

ADVERTISEMENT

COVID changes workplace preferences of office workers Analysis

COVID changes workplace preferences of office workers

Lawmakers approve 2022 budget Parliament

Lawmakers approve 2022 budget

Dentons rehires banking and finance partner Appointments

Dentons rehires banking and finance partner

Budapest hosting 2024 Chess Olympiad City

Budapest hosting 2024 Chess Olympiad

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.