Betting shops and totes will be obliged to pay USD36,600 to USD43,900 per month
New tax could be implemented for Russian bookmakers
The Russian government is planning to levy a new tax on bookmakers and totes, according to Russian business daily RBK.
2016-03-31
Reading time 29 seg
The Russian government is planning to levy a new tax on bookmakers and totes, according to Russian business daily RBK.
Betting shops and totes will be obliged to pay US$36,600 to $43,900 per month for the opportunity to take bets online, according to the draft amendments to the Russian Tax Code.
“This is 100 times more than the current lower tax limit, which [Russian] regions are allowed to levy upon betting shops and totes,” RBK said.
The fee for each processing centre accepting online bets will be decided by the authorities of the region. However, if no such decision is taken, then the sum of RUB2.5m ($36,600) will be applied.
The new tax is expected to be introduced from January 1, 2017.
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