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Generic Tax Name Tax on lotteries, gambling and betting - Horseracing bets and Sweepstakes
Tax name in the national language Φόρος Στοιχημάτων
Tax name in English Taxation of horseracing bets and Sweepstakes
Member State CY-Cyprus
Tax in force since 1973/01/01
If abolished, date on which the tax ceases to apply
Business version date 2015/01/01
Version date 2015/02/17
This file was last updated on

Type of tax
Direct taxes Personal income tax
Corporate income tax

Indirect taxes VAT
Excise duty (EU harmonised)
Alcoholic beverages
Energy products and electricity
Manufactured tobacco

Social security contribution Employers
Legal base

Taxation of Horseracing bets and Sweepstakes Law of 1973 to 2007.

Who sets
The tax rate is set by

The tax base is set by

The reliefs are set by



Geographical Scope

The Republic of Cyprus.


Up until 9/12/2007 the taxpayer was the punter. The law was amended and as from 10/12/2007 the tax is paid by the bookmaker.

Tax object and basis of assessment

Before 10/12/2007: The tax was imposed on every bet on horse races and burdened the punter.

After 10/12/2007: The tax burdens the bookmaker and it is imposed on the gross profit from betting.

Before 10/12/2007: 10% on every bet on horse races paid by the punter.

After 10/12/2007: 10% on the gross profit from betting paid by the bookmaker. (Gross profit = total takings minus total winnings).

Deductions, Allowances, Credits, Exemptions

Rate(s) Structure


Tax due date

Before 10/12/2007: Weekly

After 10/12/2007: Monthly

Tax collector

Accountant General

Special features

According to the Taxation of Horseracing bets and Sweepstakes Law of 1973, the betting tax was paid by the punter and it consisted of 10% on every bet on horse races.

With the amended Law of 2007 which came into effect on 10th December 2007, the betting tax is paid by the bookmaker and it consists of 10% on the gross profit from betting.

The revenue figures given below are based on the 1973 law.

Economic function

Environmental taxes

Tax revenue
ESA95 code d214fa

Annual tax revenue (millions)
Tax revenue as % of GDP
Tax revenue as % of total tax revenue
2012 2.03 EUR 0.01
2011 2.04 EUR 0.01
2010 2.46 EUR 0.01
2009 2.82 EUR 0.01
2008 3.30 EUR 0.02
2007 8.60 EUR 0.05
2006 7.90 EUR 0.05
2005 8.40 EUR 0.06