International edition
October 27, 2021

Betting shops and totes will be obliged to pay USD36,600 to USD43,900 per month

New tax could be implemented for Russian bookmakers

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.
Russia | 03/31/2016

The Russian government is planning to levy a new tax on bookmakers and totes, according to Russian business daily RBK.

B

etting 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.

What is your opinion about this article?
  • I like it
    %
    0 votos
  • I don't like it
    %
    0 votos
  • I have not thought about it
    %
    0 votos
Leave your comment
Newsletter Subscription
Subscribe to receive the latest news and updates
Enter a valid email
Complete the captcha
Thank you for registering to our newsletter.
Follow us on Facebook