Russian Parliament To Start Debate On Significant Gambling Tax Increases
By Brian Cullingworth, Last updated Nov 3, 2017
Lawmakers to mull first tranche of increases which will ultimately boost tax payments by a factor of ten
Reports earlier this year that the Russian government plans a series gambling tax increases that will ultimately reach a level ten times that at present by 2020 (see previous InfoPowa report) have been followed by the news this week that on November 10 the Russian Duma will consider the first tranche of these increases.
The draft legislation from the Ministry of Finance calls for gaming tables taxation to rise to the equivalent of $4300, from the current $863, whilst slot taxes will go up to $250 from the current $51.
Russian lawmakers will also consider a tax rise on the TSUPIS payment hubs of $51,000 from the present $43,000, according to local media reports.
The new taxes are part of the 2018-2020 budget proposals and represent the start of a steady and steep escalation in taxes for gambling companies.
The Ministry claims that the Russian tax regime hasn’t changed in 13 years.
Infopowa news was a staple of Casinomeister’s news from 2000 until 2019. Brian Cullingworth was the main writer, contributor, and was one of the most knowledgeable persons I have ever known involved in the online casino industry.
We first met in January 2001 at the ICE in London where I observed him going booth to booth interviewing online casino, software, and licensing jurisdiction representatives. Brian was also heavily involved with our forum as “Jetset“, he was involved as an informal consultant to eCOGRA, the OPA, and was a player advocate who assisted countless aggrieved players with his connections to industry folks. He also published “Casino Cautions” via Infopowa news for quite a number of years. These can be found in our news archives.
His passing in February 2019 was a dark day for us. He will be forever missed.
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