Parliament to review proposed amendment on November 10

Russia to kick off debate on gambling tax hike

Under the new bill, slots machines will suffer heavy taxation, with new fees amounting to $250 from the current $51.
Reading time 36 seg
The Russian Parliament is to discuss a new piece of legislation which would see a tax increase in all gambling activities across the country.

The parliament is set to review on November 10 an amendment proposed by the Finance Ministry that would increase overall gaming taxes in the country.

Under the new structure, operators would see gaming tables increase their levies up to $4300, from the current $863. Slots machines will also suffer heavy taxation, with new fees amounting to $250 from the current $51.

The government is also analyzing a tax increase for online betting processing centers or TSUPIS. These would see an increase from $43k to $51k.

The news comes hot on the heels of the announcement from the Ministry of Finance that double taxation will start January 1, 2018.

The Ministry had announced the government planned to gradually rise gaming taxes by a factor of 10 before the end of 2020.

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