Gambling companies have already quadrupled tax payments this year
Ukrainian gambling companies have already paid more in taxes since the start of the year than for the entirety of 2022, the Economic Security Bureau wrote on its site on June 12.
Over UAH 2.2 billion ($60 million) in taxes have been already paid — four times greater than the total amount paid last year.
In 2021, online casinos paid UAH 34.5 million ($930,000) into the Ukrainian state budget. In 2022, tax revenue from gambling rose to UAH 549.7 million ($14.9 million).
Previously, the gambling industry largely avoided paying taxes, via the manipulation of payments and the concealment of their real purpose — mainly by filing income under payment codes that carry a lower tax rate. The increased revenue may be the result of stricter enforcement of tax policies, as these schemes have become more difficult to pull off.
The administration of President Volodymyr Zelenskyy has previously proposed eliminating Ukraine’s gambling regulatory body, though parliament lacked a quorum at the time to do so.
Please help us continue fighting Russian propaganda.
Truth can be hard to tell from fiction these days. Every viewpoint has its audience of backers and supporters, no matter how absurd.
If conscious disinformation is reinforced by state propaganda apparatus and budget, its outcomes may become deadly.
There is no solution to this, other than independent, honest, and accurate reporting.
We remain committed to empowering the Ukrainian voice to push against the muck. If you’re willing to stand up for the truth – consider supporting us on Patreon starting from 5$ per month. Thank you very much.
Follow us on Twitter, Facebook and Google News
