What’s hot & new

What is the role of RNG in crash games?

15 hours ago

Provably fair gambling: The key to stress-free crypto casino entertainment

18 hours ago

Weird habits of celebrities and historical icons

1 day ago

Modern casino games: Where gambling and video games meet

3 days ago

"Roobet casino has a new modern design and user interface."

3 days ago

"Gamegram casino has two brand new Welcome Offers on first deposit."

4 days ago

New game added! See the review of Lucky Dragon MultiDice X here

5 days ago

New game added! See the review of DJ Cat here

5 days ago

Stake Casino’s exclusive Pragmatic Play dice selection

5 days ago

"Duelbits Casino now has 4000+ online casino games."

5 days ago

Discover loads of curious Gambling Guides!

What’s hot & new

What is the role of RNG in crash games?

15 hours ago

Provably fair gambling: The key to stress-free crypto casino entertainment

18 hours ago

Weird habits of celebrities and historical icons

1 day ago

Modern casino games: Where gambling and video games meet

3 days ago

"Roobet casino has a new modern design and user interface."

3 days ago

"Gamegram casino has two brand new Welcome Offers on first deposit."

4 days ago

New game added! See the review of Lucky Dragon MultiDice X here

5 days ago

New game added! See the review of DJ Cat here

5 days ago

Stake Casino’s exclusive Pragmatic Play dice selection

5 days ago

"Duelbits Casino now has 4000+ online casino games."

5 days ago

loader search icon
Popular pages
Our top casino picks for United States of America 🏆
Let’s Lucky Casino logo
Hiperwin Casino logo
Wazamba Casino logo
Lucky 31 Casino logo
LV BET Casino logo
Lucky Dreams Casino logo

    Romanian government plans to tax online gambling withdrawals

    news thumbnail image

    New changes to Romania’s legislative framework will mean new tax laws for those withdrawing funds from an online casino.

    It's no secret that gambling in Romania has always been a pastime that the country embraced with open arms. Since as far back as 1906 when the first national lottery was created, gambling and Romanians have gone hand in hand.

    The country first invested in online gambling (namely sports betting) in 2003 but it was only in 2010 that the government made online gambling legal with a valid operator license like there is for other EU online casinos. Without a regulator in place, this caused more harm than good as casinos offered their services to Romanians illegally without any consequences.

    In April 2013, a gambling regulator was set in place and new licenses started to roll out. Along with that, the country also placed many operators on a blacklist to protect their players as much as possible.

    New Fiscal Code and tax on withdrawals

    At the end of June 2022, the Ministry of Finance published a new Fiscal Code that changed the tax laws of Romania.

    These new laws suggested that players who withdraw funds from online casinos could pay as much as 40% in tax on those withdrawals.

    Before then, the taxes ranged from 1% to 25% per withdrawal, depending on the amount in question. A massive bump of this proportion was immediately opposed by the Association of Remote Gambling Organisations (AOJND). The AOJND stated that this change would push players to blacklisted sites.

    “I have often emphasised that Romania is a success story in terms of gambling legislation. But this situation depends on the ability of the authorities to maintain an attractive legislative and fiscal framework,” said AOJND president, Odeta Nestor.

    These taxes seem to be a harsh addition to gambling laws in Romania, especially considering that the UK has no taxes on gambling winnings. While providers such as IGT may add taxes on big jackpot rewards, taxes are not the norm in the industry.

    Adjusted withdrawal fees are cut in Romania

    A few weeks after the original suggestion of a 40% tax on gambling winnings in the country, the Romanian government has made adjustments to the Fiscal Code. While the 40% tax still stands, the government has adjusted when it will apply to players who win while gambling on the lottery, slot machines, and poker games.

    The changes can be seen in the following table:

    Current Tax Laws  First Tax Proposal New Tax Changes
    Withdrawals below RON 66,750 – 1% tax Withdrawals below RON 3000 – 10% tax Withdrawals below RON 10,000 – 3% tax
    Withdrawals between RON 66,750 and 445,000 – 16% tax Withdrawals between RON 3000 and 10,000 – 20% tax Withdrawals between RON 10,000 and 66,750 – 20% tax
    Withdrawals above RON 445,000 – 25% tax Withdrawals over RON 10,000 – 40% tax Withdrawals above RON 66,750 – 40% tax

    Commenting on the new changes proposed by the government, the AOJND said:

    “The Romanian Government passed legislation to amend the existing legal framework for gambling. Major changes include an advertising fee, increased annual fees including for software manufacturers and a scale to tax players based on their winnings. Amid these major changes we remain cautious, and we closely monitor the market and its reactions to this new reality.”

    It remains to be seen how the public will take to these tax adjustments and if it will affect where players choose to make their deposits from now on.

    Published: July 31, 2022

    Anything incorrect or missing?

    Let us know

    Article by Stelly

    CasinoWow Contributor

    Hey there! I am Stelly, and happily, I'm part of CasinoWow's content team. It excites me to be able to write and share with all gambling enthusiasts unbiased reviews and news that contribute to the gambling community and industry. Thankfully, I also have the chance to help you make an informed choice for casino brands and games, as well as provide interesting guides and news.

    Mentioned in this article

    Highroller Casino logo
    Highroller Casino
    BitStarz Casino logo
    BitStarz Casino
    King Billy Casino logo
    King Billy Casino
    Casino Friday logo
    Casino Friday
    BitKingz Casino logo
    BitKingz Casino
    GoSlot Casino logo
    GoSlot Casino
    Gamdom Casino logo
    Gamdom Casino
    CrocoSlots Casino logo
    CrocoSlots Casino

    Related content

    NEXT UP IN REGULATIONS

    THE LATEST

    Most popular

    news item
    What is the role of RNG in crash games?
    news item
    Modern casino games: Where gambling and video games meet
    news item
    Stake Casino’s exclusive Pragmatic Play dice selection
    news item
    Innovation in crypto wallets and other popular payment methods
    news item
    CGB extends the deadline for applications by sublicensees
    banner image

    Popular

    Special Guides

    Features

    CasinoWow

    banner image

    Mentioned in this article

    IGT logo
    IGT

    Related content

    NEXT UP IN REGULATIONS

    THE LATEST

    compass icon

    Guides

    Online gambling guides
    press icon

    News

    Latest gambling stories
    questionmark icon

    Help

    Online gambling FAQs

    CasinoWow © 2024

    CasinoWow.com Cookies

    We use 🍪 cookies to improve your user experience. By continuing to use this site, you are agreeing to our use of cookies as described in our Cookie Policy.

    Accept

    SUBSCRIBE for EXCLUSIVE offers!

    Be the first to get exclusive bonuses and WOW casino promotions! Get access to our new online casinos, top stories and special iGaming events for FREE.

    Share this page across social platforms!

    Facebook
    Twitter
    Instagram
    Linkedin