Italy considering new Tax Delegation Law framework to overhaul gambling sector
Italian lawmakers are considering a new Tax Delegation Law framework that has been designed to bring major reforms to the gambling sector of the country’s economy. The new Tax Delegation Law framework has already been approved by Italy’s Chamber of Deputies, and now it is in the Senate. The legislation includes a complete section on gambling. It is in fact a follow-up to previous reforms that aims to completely overhaul the gambling industry.
If the legislation clears all the hurdles, it will finalize new tax laws that will lead to deep-seated reforms in the gambling sector of the Southern European nation’s economy.
The Chamber of Deputies held a vote on the legislation on 12th of July, and approved it by casting 182 votes in favour. Only 97 votes were cast against the legislation. In other words, the Chamber of Deputies gave approval to the draft laws that were previously approved by the Council of Ministers on 16th of March. The legislation contains the changes introduced by the Finance Commission that finished its examination of suggested tax laws and reforms earlier this month.
Within a day from the implementation of the new law, the government of Italy would have to adopt the legislative decrees to revise the tax system to reform the gambling sector. Thus, operators have a long path of uncertainty ahead.
The Tax Delegation Law’s Article 13 specifies, “The government would implement a reorganization of the current provisions on public gaming, without prejudice to the organizational model of public games based on the concession and authorization regime.”
Side by side, it is also believed that the new legislation will help the government in tackling illegal gambling in the country. The Ministry of Economy & Finance will be in lead. It will present an annual report on gambling sector tax laws and reforms to the Chamber of Deputies and Senate.
The long list of potential reforms will virtually cover every aspect of gambling, including continuous training of managers & operators, strengthening of mechanisms for self-exclusion from gaming, a provision of least features/characteristics of the halls and other places where the gaming is offered, and a betting ban in amateur sports competitions for minors (individuals under 18). In other words, the protection of minors and deterrence of illegal gaming will be among areas of main focus on the new Tax Delegation Law framework.