According to the new regulations that apply today, gambling revenue is taxed according to the amounts won. Thus, gambling revenue is charged, withholding at the source, with a 1% quota applied to all the amounts collected by a gambling organizer. Also, gambling revenues exceeding the equivalent of 15,000 euro are taxed 16%, and revenues higher than 100,000 euro are charged 25%, the normative act says.
Until now, the legislation stipulated that gambling revenues were to be withheld at source at a rate of 25% applied to net income, which is calculated at the level of earnings made on a day from the same organizer or payer. This provision is no longer applicable today.
At the same time, the new regulations abolished the exemption ceiling of 600 ron / day (non-taxed amount) and stipulate that the amounts obtained from prizes lower than 600 ron / prize are not subject to taxation.
Moreover, GEO no. 92/2014 has introduced new provisions on tax revenues from online gambling, slot machines, poker losers and poker festivals. Thus, the incomes made by individuals as a result of their participation in online gambling, slot machines, poker rooms and poker festivals are not taxable at source.
Individuals who earn the gambling revenue mentioned above have the obligation to file the income statement with the competent fiscal body for each fiscal year until 25 May of the year following the year of income. In turn, the competent fiscal body is required to set the tax due on the income accruing from the gambling on the basis of the gambling income statement, by issuing the taxing decision.
Also, the taxing rate for gambling revenue mentioned above is 1% for amounts up to the equivalent of 14,999 euro, 16% for amounts between 15,000-99,999 euro and 25% for amounts exceeding the equivalent of 100,000 euro. The gambling organizer has the obligation to keep a nominal record of individuals who have earned gambling revenues higher than 15,000 euro and declare them to the competent tax authority by May 25 inclusive of the following year, income.