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.

10,000+ have already benefited from Bookmakers.bet

Register to our newsletter and be the first to get our exclusive bonuses and promotions. Fill in your name & email and stay tuned on the latest offers and the new bookmakers in your country.

I agree with the terms of use.

BOOK SPY

The UK Gambling Commission has announced that it will ban the use of credit cards on all gambling activities taking place in Great Britain from 14 Apr...

Read more »

Betsson is paying out early on Liverpool FC to be crowned the 2019-20 Premier League champion, since the Reds sit 14 points clear atop the table with ...

Read more »

The new draft law on online gambling, that was initially submitted to the Hellenic Parliament on October 9, 2019, has been eventually submitted to the...

Read more »

The Swedish bookmaker Betsson has taken a 75% stake of Suaposta, which is one of the first betting brands to ever operate in Brazil. The Stockholm-bas...

Read more »

The gross gambling yield (GGY) of the British gambling industry decreased 0.3% year-on-year for the period between April 2018 and March 2019, amountin...

Read more »

The gaming group Soft2Bet, which is based in Malta, is getting ready to start its operations within the well-regulated Swedish gambling market; since ...

Read more »

Online sports betting operators in France enjoyed significant quarterly revenue growth for Q3 2019 compared to the revenue generated during the same p...

Read more »

Bet-at-home AG has announced that it bolstered its commercial status and its revenue, in spite of the €11.5 million Austrian tax burden that was impos...

Read more »

LeoVegas has restored its five-year Swedish gambling license, since it managed to win its appeal against the country’s gaming regulator Spelinspektion...

Read more »

The popular online bookmaker Interwetten has announced the signing of a sponsorship deal with the Greek Super League, which is the top tier football l...

Read more »