Despite the industry's objections that the move would be ineffective, Sweden formally raised its gambling tax on July 1. A 22% tax has replaced the 18% tax on gambling profits that was first imposed in 2019 in accordance with ongoing reforms in Sweden.
The gambling industry, as previously mentioned, is not happy about the changes and thinks they might have negative consequences. Speaking out about its worries, the Swedish Trade Association for Online Gambling cautioned that the tax increase might impede the development of the Swedish market.
The gambling industry, as previously mentioned, is not happy about the changes and thinks they might have negative consequences. Speaking out about its worries, the Swedish Trade Association for Online Gambling cautioned that the tax increase might impede the development of the Swedish market.