first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Subscribe to the iGaming newsletter Ukraine’s Committee on Finance, Tax and Customs Policy has at long last approved a gambling tax bill for the country, setting a flat 10% rate for all forms of gambling. This bill initially proposed a 5% GGR tax on bookmaking, 10% for online gambling and for lotteries and 12.5% for slot machines. However, the committee opted for a single rate on all verticals instead. In addition, gambling winnings of more than eight months’ minimum wage (currently UAH48,000) will be taxed as income. Operators will also be required to pay an 18% general corporate tax rate Prior to 2713-D, the country had introduced four other tax bills setting different rates of gambling taxes. Ukraine committee approves 10% tax rate for all forms of gambling The country’s Gambling Act had also previously required that online betting and gaming licence fees start out three times higher than normal, and would only be lowered once an online player monitoring system is put in place. However, the new tax bill abolishes that requirement. The committee considered bill 2713-d, put forward by committee chair Oleg Marusyak, to complement the Gambling Act that legalised various forms of gambling in Ukraine and was signed into law in August 2020.  The Rada will still have to approve the new tax bill, after which it may be signed into law. Legal & compliance Topics: Legal & compliance Legal Regulation Even though the bill has not come into effect, Ukraine’s Gambling Commission (KRAIL) has already approved the country’s first licences, to online operators Spaceiks , which operates the Cosmolot brand, and Parimatch. These operators must pay licence fees before the licences are officially granted, though. Regions: Europe Central and Eastern Europe Ukraine 26th February 2021 | By Daniel O’Boyle Email Addresslast_img

Leave a Reply

Your email address will not be published. Required fields are marked *