An expert spoke about the nuances of taxation of the gambling business in Ukraine

Head of the Ukrainian Gambling Association Anton Kuchukhidze in his interview shared information about the current state of affairs on adjusting the Tax Code. He admitted that the deputies of the Verkhovna Rada have not yet considered the amendments to the relevant legislation proposed last autumn.

According to him, foreign companies that have already received the right to operate in local jurisdiction from the Gambling Supervision Commission games and lotteries (KRAIL), are experiencing serious difficulties due to unreasonably high prices for Ukrainian licenses.

In order to normalize the situation, the Finance Committee of the Verkhovna Rada of Ukraine nevertheless considered and adopted document number 2713-d, according to which the state allowed to reduce the tax burden on representatives of the gambling business.

Anton Kuchukhidze

However, after the transfer of this bill to the deputies, the process of its ratification was suspended. Thus, a number of high-ranking officials openly opposed the reduction of tax rates for operators. In their opinion, such a policy of the authorities can cause serious damage to the state.

“Voting for this document was supposed to take place between March 30th and April 2nd. But Rada went into quarantine. Accordingly, all dates are again postponed indefinitely. There are preconditions for passing the bill. All the nuances have long been agreed upon at the highest level. I also see no alternatives, so everything should end on a positive note,” said Anton Kuchukhidze.

The expert notes that such a policy to reduce the tax burden on the gambling business has proven to be effective in a number of neighboring countries where gambling games are legal. At the moment, both the cost of licenses for the gambling business and the volume of fiscal deductions remain high in Ukraine.

Recall that Ukrainereceived 72 million hryvnia for two first licenses of land-based casinos.

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Position: Author of analytical materials Higher education Age: 24 years old Experience: more than 5 years Brief biography: Born on March 24, 1997 in the city of Volkhov, Leningrad Region. In 2015, he successfully graduated from a secondary school, after which he entered the Faculty of Mechanics and Mathematics...
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