{"id":6348,"date":"2021-05-27T00:00:00","date_gmt":"2021-05-27T00:00:00","guid":{"rendered":"https:\/\/www.mundovideo.com.co\/en\/europe\/ukrainian-government-with-new-taxing-proposal\/"},"modified":"2021-05-27T00:00:00","modified_gmt":"2021-05-27T00:00:00","slug":"ukrainian-government-with-new-taxing-proposal","status":"publish","type":"europe","link":"https:\/\/www.mundovideo.com.co\/en\/europe\/ukrainian-government-with-new-taxing-proposal\/","title":{"rendered":"Ukrainian government with new taxing proposal"},"content":{"rendered":"<p style=\"text-align:justify\"><span style=\"font-size:12pt\"><span style=\"font-family:Calibri\"><span style=\"font-family:Arial\">The Ukrainian parliament&rsquo;s Scientific and Expert Management Committee has warned that the government&rsquo;s proposed tax regime for the country&rsquo;s newly legalized gambling market is unjustified and could lead to a need for government subsidies to make up a funding shortfall.<\/span><\/span><\/span><\/p>\n<p style=\"text-align:justify\">&nbsp;<\/p>\n<p style=\"text-align:justify\"><span style=\"font-size:12pt\"><span style=\"font-family:Calibri\"><span style=\"font-family:Arial\">The tax regime for gambling in Ukraine approved by the Committee on Finance, Tax and Customs Policy in February sets out a flat tax rate of 10 per cent for all gambling verticals.<\/span><\/span><\/span><\/p>\n<p style=\"text-align:justify\">&nbsp;<\/p>\n<p style=\"text-align:justify\"><span style=\"font-size:12pt\"><span style=\"font-family:Calibri\"><span style=\"font-family:Arial\">Other competing bills had previously proposed a range of different rates ranging from 10 per cent to 30 per cent of gross revenue. However, the bill approved was a modified version of Bill 2713-d, which was put forward by committee chair Oleg Marusyak as Ukraine legalised gambling last August.<\/span><\/span><\/span><\/p>\n<p style=\"text-align:justify\">&nbsp;<\/p>\n<p style=\"text-align:justify\"><span style=\"font-size:12pt\"><span style=\"font-family:Calibri\"><span style=\"font-size:20.0pt\"><span style=\"font-family:Arial\">Under that bill, all gambling verticals could pay 10 per cent of gross revenue, as well as general corporate tax rate of 18 per cent. Customer winnings that surpass more than eight months&rsquo; minimum wage &ndash; currently UAH48,000 (&euro;1,422) &ndash; will be taxed as income.<\/span><\/span><\/span><\/span><\/p>\n<p style=\"text-align:justify\">&nbsp;<\/p>\n<p style=\"text-align:justify\"><span style=\"font-size:12pt\"><span style=\"font-family:Calibri\"><span style=\"font-family:Arial\">The amended tax proposal also cancelled a planned tripling of license fees for the duration of a transition period until the creation of a central monitoring system for gambling.<\/span><\/span><\/span><\/p>\n<p style=\"text-align:justify\">&nbsp;<\/p>\n<p style=\"text-align:justify\"><span style=\"font-size:12pt\"><span style=\"font-family:Calibri\"><span style=\"font-family:Arial\">It said the government should set a tax rate that would ensure gambling made additional contributions to social projects and that operators would have to raise the cost of products, reducing the accessibility of gambling. The committee also argued that setting the tax on winnings at a high rate would minimize returns from legal gambling to the state. <\/span><\/span><\/span><\/p>\n<p style=\"text-align:justify\">\n<span style=\"font-size:12pt\"><span style=\"font-family:Calibri\"><span style=\"background-color:white\"><span style=\"font-family:Arial\"><span style=\"color:#333333\">No Copyright infringement intended. Video\/Photo Unknown Direct for credits\/issue or text us +57 3606412 &#8230;&nbsp;<\/span><\/span><\/span><span style=\"background-color:white\"><span style=\"font-family:Arial\"><span style=\"color:#333333\">| Respect to Photographers &amp; Influencers<\/span><\/span><\/span><\/span><\/span><\/p>\n<p style=\"text-align:justify\">&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>All gambling verticals could pay 10 per cent of gross revenue, as well as general corporate tax rate of 18 per cent<\/p>\n","protected":false},"author":1,"featured_media":6349,"menu_order":470,"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":[15,3556,3555],"class_list":["post-6348","europe","type-europe","status-publish","format-standard","has-post-thumbnail","tag-gambling","tag-ukrain","tag-ukrainian-tax-gambling","entry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.6 - 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