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Hungary to tax online gambling from 2012

Banking

The government will tax online gambling from 2012, National Economy Ministry György Matolcsy told a parliamentary committee on Tuesday.

Answering a question by a committee member, Matolcsy said the concept for taxing online gambling was being prepared. Levying the tax will be a technically difficult task, he added.

Matolcsy confirmed government plans to raise the gambling tax on gaming machines from November 1, 2011. The bill on the increase is already before Parliament, he said.

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