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| The EU is considering taxing digital services, online gambling, and cryptocurrencies to boost revenue. (Source: Getty Images) |
According to sources, these taxes could generate nearly 11 billion euros in revenue annually.
The proposals are being discussed within the framework of negotiations on the EU's long-term budget for the period 2028-2034. Previously, the EC had proposed several new revenue sources for the common budget, but many initiatives faced opposition from member states because the EU budget requires unanimous consent.
Last April, the European Parliament adopted a resolution proposing additional taxes targeting digital services, gambling, and cryptocurrencies. EU Budget Commissioner Piotr Serafin also stressed that if the EU wants to build a more ambitious budget, member states need to make progress in creating new revenue streams.
Taxes on online gambling could bring in nearly 2 billion euros annually.
Based on industry data, the EC estimates that a 3% tax on net revenue from the online gambling sector could generate approximately €1.9 billion annually between 2028 and 2034.
However, the implementation of this tax still faces many challenges because the EU currently lacks a common definition of gambling and there is no consensus on how to tax it among member states.
Taxes can be calculated based on the profit margin or revenue from gambling operations of online platform operators, or indirectly passed on to players through fees related to their level of participation in betting.
According to diplomatic sources, the proposed tax on online gambling currently receives the most support from EU governments, although it is expected to face strong opposition from Malta, home to the majority of European betting websites.
The digital services tax is expected to generate around 5 billion euros annually.
For the digital services sector, the EC estimates that the EU could collect an additional €5 billion per year. This calculation is based on the experience of Spain, France, and Italy, countries that have implemented digital services taxes.
According to the proposal, a 3% tax would be applied to net revenue from digital advertising, online intermediary activities, and user data exploitation. The tax would apply to businesses that simultaneously meet the threshold of domestic revenue from digital activities and global group revenue of 750 million Euros or more.
The EC noted that actual revenue will depend significantly on the final design of the tax, including the scope of taxable activities and the criteria for determining which activities are subject to it.
This proposal also has a similar scope to the European Common Corporate Tax Scheme (CORE) previously put forward by the EC, but it faced significant opposition from member states, particularly those that did not support expanding corporate taxation.
A cryptocurrency tax could generate 3-4 billion euros annually.
Regarding cryptocurrency assets, the EC stated that forecasting revenue is more difficult due to the volatile market and the complexity of identifying user locations.
Two options are being considered: taxing the total value of cryptocurrency transactions over a specified period or taxing profits from cryptocurrency investments, as an alternative or supplement to existing tax mechanisms.
According to EC estimates, applying a 0.1% tax on cryptocurrency transactions could generate an additional 3-4 billion euros annually for the EU budget. Meanwhile, taxing profits from cryptocurrencies is projected to yield a more modest revenue of 1-2.4 billion euros per year.
EU budget negotiations enter a crucial phase.
The EU is currently negotiating a common budget for the period 2028-2034, a document that will determine the bloc's political priorities and long-term spending capacity.
In July 2025, the EC announced a proposed budget worth approximately €2 trillion with significant changes from the current framework. Three main spending priorities were identified: the Competitiveness Fund, the Global Europe program, and the Horizon research funds.
Another major change is the proposal to replace the current allocation mechanism for regional development, agriculture , and fisheries funds with national and regional partnership plans tailored to each member country.
The new budget also allocates a significant portion to repaying the EU's Next Generation loan, a financial instrument launched by the EU in 2020 to mitigate the economic impact of the Covid-19 pandemic.
The parties aim to reach an agreement by the end of 2026, although some member states do not rule out the possibility that the process will be prolonged.
Source: https://baoquocte.vn/eu-xem-xet-danh-thue-dich-vu-so-va-tien-ma-hoa-399689.html
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