Ukraine is Preparing to Reduce Taxes for Bookmakers and Casinos

Tuesday, July 20, 2021
1 MIN
Ukraine is Preparing to Reduce Taxes for Bookmakers and Casinos

Taxes can be reduced from 18% to 10%

252 of 450 deputies voted for the corresponding bill in the first reading for the reduction of taxes for the gambling business.

It is also expected that gambling organizers will pay income tax at a total rate of 18%. Winnings of up to eight minimum wages, which is $1780, are exempt from personal income tax and military duty.

Ukraine will also release electric transport and transport on gas exempted from import duty and the value-added tax. This is provided by two bills supported by the government. These are draft laws amending the Tax Code and the Customs Code.

Earlier Ukraine planned to increase the car tax. It is known that car owners whose price exceeds $84 000 will pay more.

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