The companies, which have been licensed by the NBA for the provision of betting services and which.
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the post - Sport | Business | Entertainment | IOL.co.zaThey are not liable for income tax in relation to the profits or benefits earned by the said services.There are two classes of license that can be granted under the relevant law, namely, Class A -where the bets are conducted in a licensed premises- and Class B - for online betting.
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ACE Community Colleges | Gold Coast, Tweed, Lismore, CasinoCrystal Serenity location tracker & webcam. LIVE Crystal Serenity maxi web cam! Clean Cruising. Casino gaming.In accordance with the provisions of the Law, betting services are provided only from a person holding a license issued by the designated authority, in the present case, the NBA.
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It is noteworthy, that the NBA accepted the applications for the licencing of online betting firms from 3rd of October 2016 for a month.
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The Betting Law essentially upgrades the regulation of traditional and newer forms of betting in Cyprus.
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As for Class B licenses, the applications have been available as from 1st of October 2016.