Ukraine Committee Approves 10% Tax Rate for All Forms of Gambling
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.
The committee considered bill 2713-d, put forward by committee chair Oleg Marusyak, to complement the Gambling Act that legalized various forms of gambling in Ukraine and was signed into law in August 2020.
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.
Operators will also be required to pay an 18% general corporate tax rate
In addition, gambling winnings of more than eight months’ minimum wage (currently UAH48,000) will be taxed as income.
The country’s Gambling Act had also previously required that online betting and gaming license 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.
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