5 Minute News

Increase in Betting Tax to Support Football Clubs

December 9, 2024

The increase in the betting tax from 3% to 4.5% is expected to be approved by the Parliament, with the revenue directed to football clubs to settle their tax debts. The Democratic Party (DIKO) proposes an amendment to increase it to 5% to benefit more federations. There were concerns about the compliance of clubs with the repayment plans for their debts. Lawmakers express doubts about the legality of the plan and the management of the situation.