Taxation Contribution per shop
As an illustrative example, an average licensed betting office makes the following contribution in taxation to the national exchequer and the local authority in which it is located: Turnover €2,000,000 Gross Profit (@11%)€220,000 Betting Tax (@ 1%) €20,000 Gross Profit €200,000 Average Costs €170,000 Taxes (VAT, PAYE/PRSI, other) €46,607 Net Profit €6,250 If additional 1% […]
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