A new decree has been published in Italy, bringing some welcome fiscal news to the industry.
In August, the Italian government announced it planned to look to the gaming, lotteries and tobacco industries to fill the financial gap. It was expected that they would have to raise €1.5bn by the end of this year.
The decree explaining the details of this massive tax bill was finally published on November 14 and the fallout will be as follows:
Video lotteries will see their three per cent tax on coin-in increase to four per cent from 2012 (not 2013 as had been predicted). However, this will increase to 4.5 per cent in 2013.
However, the AWP sector will see its preu tax actually decrease in 2012 to 11.8 per cent, in order to give operators enough time and money for investments, software updates and security systems to be adopted. The standstill period will last until the end of 2012. In 2013 and 2014 the tax will increase to 12.7 per cent but the legal minimum payout can be reduced from 75 per cent to 74 per cent.
