Ukraine’s committee on Finance, Tax, and Customs Policy has approved a flat 10% tax rate on all forms of gambling.
The news follows the amendment of a gambling tax bill 2713-d first introduced by Committee Chair Oleg Murasyak in August of 2020. The bill was originally introduced to complement the Gambling Act signed into law at that time.
The bill first proposed a 5% GGR tax rate on bookmaking and a 12.5% rate on slot machines while online gaming and lotteries would be subject to a 10% rate.
However, the tax bill was the subject of much debate and has since been amended to include a flat 10% rate for all gambling verticals. The bill also includes a stipulation that Ukraine gambling operators are subject to 18% corporate tax in addition to the new 10% rate.
The new bill also removes an existing requirement that all gaming license fees be increased.
Ukraine lawmakers have also taken the opportunity to introduce new laws that regulate player’s winnings. Any player who now wins a sum that is great than or equal to eight month’s minimum wage must declare their winnings as taxable income.
Ukraine’s parliament (the Rada) has yet to formally approve the bill but is expected to do so in the coming days.
Image credit: Zeynel Cebeci / CC BY-SA 4.0
Ciaran has been working within the Gambling Industry as a deep analyst since 2019. His deep knowledge and understanding of all the gambling regulations, and processes makes him a true asset, and an always valuable point of view for Gambling Industry News, allowing us to cover every topics from a brand new perspective.
