Increase in Betting Tax to Settle Football Clubs' Debts
December 12, 2024
The Parliament approved an increase in the betting tax from 3% to 4.5% to pay off the debts of football clubs, which amount to €35.6 million. MP Haris Georgiadis emphasized the necessity for clubs to meet their obligations and pointed out mismanagement in some cases. There are concerns that the situation may lead to an economic bubble due to excessive spending. Additionally, there was a call for the law to be enforced strictly regarding the tax obligations of the clubs.