Betfair has won its Italian ‘tax reform’ appeal made against Italy’s ADM customs and monopolies agency with regards to how a temporary 0.5% wagering tax should be applied to its Exchange platform.
This week, Rome’s TAR commercial disputes court ruled in favour of Betfair’s appeal that a 0.5% tax charge should not be enforced on Betfair’s Exchange activities as a licensed market incumbent.
Last summer, following Parliament’s approval of Italy’s COVID Revival Decree’, the ADM was ordered to apply a temporary 18-month 0.5 tax charge across all sports wagering verticals – retail, digital and virtual sports.
Betfair immediately appealed against the ADM’s order, underlining that its Exchange would face total tax charges (corporate and wagering) of 111% making Italy a non-viable marketplace for its business.
