{"id":6326,"date":"2021-03-04T00:00:00","date_gmt":"2021-03-04T00:00:00","guid":{"rendered":"https:\/\/www.mundovideo.com.co\/en\/europe\/ukraine-approved-new-gambling-tax\/"},"modified":"2021-03-04T00:00:00","modified_gmt":"2021-03-04T00:00:00","slug":"ukraine-approved-new-gambling-tax","status":"publish","type":"europe","link":"https:\/\/www.mundovideo.com.co\/en\/europe\/ukraine-approved-new-gambling-tax\/","title":{"rendered":"Ukraine approved new gambling tax"},"content":{"rendered":"<p align=\"justify\"><font size=\"4\">Ukraine&rsquo;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.<\/font><\/p>\n<p align=\"justify\"><font size=\"4\">&nbsp;<\/font><\/p>\n<p align=\"justify\"><font size=\"4\">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.<\/font><\/p>\n<p align=\"justify\"><font size=\"4\">&nbsp;<\/font><\/p>\n<p align=\"justify\"><font size=\"4\">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.<\/font><\/p>\n<p align=\"justify\"><font size=\"4\">&nbsp;<\/font><\/p>\n<p align=\"justify\"><font size=\"4\">Operators will also be required to pay an 18% general corporate tax rate. In addition, gambling winnings of more than eight months&rsquo; minimum wage (currently UAH48,000) will be taxed as income.<\/font><\/p>\n<p align=\"justify\"><font size=\"4\">&nbsp;<\/font><\/p>\n<p align=\"justify\"><font size=\"4\">The country&rsquo;s Gambling Act had also previously required that online betting and gambling 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.<\/font><\/p>\n<p align=\"justify\"><font size=\"4\">&nbsp;<\/font><\/p>\n<p align=\"justify\"><font size=\"4\">The Rada will still have to approve the new tax bill, after which it may be signed into law.<\/font><\/p>\n<p align=\"justify\"><font size=\"4\">&nbsp;<\/font><\/p>\n<p align=\"justify\"><font size=\"4\">Even though the bill has not come into effect, Ukraine&rsquo;s Gambling Commission (KRAIL) has already approved the country&rsquo;s first licenses, to online operators Spaceiks, which operates the Cosmolot brand, and Parimatch. These operators must pay licence fees before the licences are officially granted, though.<\/font><\/p>\n<p align=\"justify\"><font size=\"4\">&nbsp;<\/font><\/p>\n<p align=\"justify\"><font size=\"4\">Prior to 2713-D, the country had introduced four other tax bills setting different rates of gambling taxes.<\/font><\/p>\n<p align=\"justify\"><font size=\"4\">&nbsp;<\/font><\/p>\n<p align=\"justify\"><font size=\"4\">No Copyright infringement intended. Video\/Photo Unknown Direct for credits\/issue or text us +57 3606412 &#8230; | Respect to Photographers &amp; Influencers<\/font><\/p>\n","protected":false},"excerpt":{"rendered":"<p>This bill initially proposed a 5% GGR tax on bookmaking, 10% for online gambling and for lotteries and 12.5% for slot machines<\/p>\n","protected":false},"author":1,"featured_media":6327,"menu_order":481,"comment_status":"open","ping_status":"open","template":"","format":"standard","meta":{"inline_featured_image":false,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[],"tags":[3530,3529],"class_list":{"0":"post-6326","1":"europe","2":"type-europe","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"tag-gambling-tax-law-ukraine","8":"tag-ukraine-tax-law","9":"entry"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.6 - 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