Italian parliamentary committee urges rewrite of gambling sponsorship tax rule
Italy’s Committee for Legislation recommended that a new tax provision on gambling-related sponsorship costs be incorporated into the consolidated income tax law, according to the report. The provision makes specified sponsorship or similar expenses non-deductible for income tax and IRAP when incurred by entities linked to licensed gambling operators that provide gaming information or odds-comparison services.
The tax treatment could affect sponsorship costs for entities linked to gambling operators that provide information or odds comparisons.