Austria – Important Update

Discussion in 'Cherry Affiliates' started by ElaineGardiner, Apr 18, 2016.

  1.  
    ElaineGardiner

    ElaineGardiner Affiliate Guard Dog Member

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    Apr 18, 2016
    Dear Affiliates,

    As of 1st May 2016, 40% Gaming Tax will be deducted from Gross Gaming Revenue (GGR) generated by players residing in Austria.

    This decision has not been taken lightly, and we have held off from levying these costs to affiliates for as long as possible, but to be able to continue to offer our services to your players residing in Austria, we have to abide by Austrian legislation and deduct the 40% from all Austrian players GGR.

    We understand this is not positive news for affiliates, therefore we leave the forum open for comments. However our hands are pretty much tied at the moment, however we hope in future we can reduce this cost.

    /CherryAffiliates
     
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    Guard Dog

    Guard Dog Guard Dog Staff Member

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    Apr 18, 2016
    Wow that is a lot of tax. Where is an article pointing to this from the Austrian perspective?
     
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    ElaineGardiner

    ElaineGardiner Affiliate Guard Dog Member

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    slotplayer

    slotplayer Affiliate Guard Dog Member

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    When you first posted I took a quick peek at Austria's income tax rates, those are pretty high.
     
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    bonustreak

    bonustreak Administrator Staff Member

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    This is crazy high! Do affiliates even make enough revshare to cover the 40%?
     
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    slotplayer

    slotplayer Affiliate Guard Dog Member

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    I'm so glad tax season is over, today actually for USA.
     
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    ElaineGardiner

    ElaineGardiner Affiliate Guard Dog Member

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    Apr 19, 2016
    Hi all, Thanks for your comments. We do realise that this is a crazy high amount, but as we said, in order for us to continue to operate in this market, we do have to abide by the Austrian tax legislation. The gaming tax is 40% of Gross Revenue, and we calculate revenue share commission on net revenue.
     
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    BettingMalta

    BettingMalta Affiliate Guard Dog Member

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