GAMBLING IN „NORMAL ROMANIA”
by Av. prof. Dr. Marius PANTEA We are trying to take a retrospective look at this year and remember the events that have marked the national gambling industry. The year started with “the already famous Ordinance 114“, which the current government is trying to remove from the Romanian legislative landscape. This ordinance is responsible for the increased gambling fee (for slot machine games), and it has clarified...
THE BANK ACCOUNT – A NEW CHALLENGE FOR GAMBLING ORGANIZERS
by Andreea Ciocănaru, Trainee Lawyer at L.F. Mihai Cătălin LUCA According to the provisions of art. 15 paragraph (1) letter B item ii) of the Ordinance no. 77/2009 regarding the organization and exploitation of gambling, obtaining the license to organize remote gambling is conditional on having a bank account for depositing the players’ funds at a banking institution in Romania. Obviously, the condition is mandatory for the...
Annual Contribution owed by economic operators who perform activities in the gambling field
by Alina Tace, Head of IP & Gaming and Mihai Șerbu, Tax Manager, Tax Advisory Services The gambling industry, as we well know, is an ever- changing and expanding competitive arena in which both the gambling organizers and the suppliers of products/services holders of Class 2 licenses need to constantly adapt their offer to their consumers’ needs. Thus, faced with the challenges of technological progress and the boundaries...
Deposit tax
By Lucian Barbu Tax Partner, Tax Advisory Services NNDKP And Mihai Șerbu Tax Manager, Tax Advisory Services NNDKP This article proposes to address the new gambling tax introduced by the Ordinance 114/2018, effective as of January 1, 2019, colloquially referred to as the “Ordinance on greed”, whereby online gambling operators have the obligation to pay a monthly fee representing 2% of the total collected monthly...
(Română) Ultima șansă de a discuta pe despre AML înainte de intrarea în vigoare a legii!
Sorry, this entry is only available in Romanian.
THE MEANS OF GAMBLING
by Teodora LUCA, Fully qualified Lawyer, L.P. LUCA Mihai Cătălin Considering the definition provided by art. 5 paragraph 1 of the Government Emergency Ordinance no. 77/2009, by means of gambling we refer to any series of elements, including the computer system composed of software, hardware and means of communication, which serves or allows the organization, conduct or participation in gambling, if it independently generates the...
