Russia: Significant increase in betting taxes

29 Nov 2017

russian gambling taxes_1Two new bills have been signed into law in Russia, by the president of the country, Vladimir Putin.

The goals of the new bills are two; the first one is, the taxes income from betting activities to be increased and the second, is to fight the illegal gambling.

According to one bill, the tax rates are being increased from US$860 to US$4300 for gaming tables and from US$50 to US$260 for slots all over the country. There will also be a tax for online betting processing center, that it goes up from RUB 2.5 to 3 million.

It is also established by the new law that bookmakers need to cut taxes from wins equal or bigger than RUB 15k.

The Ministry of Finance also revealed that the taxes for gaming expected to be doubled from 1st of January 2018 and there will be further increases until 2020.

It is also mentioned that these changes have to be done, once the gaming taxes have not been increased the last 13 years.

At the present time the land-based operators do not pay taxes on revenue, but they pay flat fees for gaming tables and electronic gambling machines.

The bookmakers also pay a flat fee for each retail.

The new laws and regulations will be applied both for land-based and online bookmakers.

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