Russia’s President Signs New Gambling Tax Bills Into Law

Two fold increase in gambling tax is just the start of planned tax increases

The Russian government’s strategy to significantly ramp up taxes on gambling in the future (see previous InfoPowa reports) has started, with President Vladimir Putin signing two tax bills into law this week which will impact operators and payment hubs (TSUPIS).

The increases are nationwide and range from RUB 50,000 (US$860) to 250,000 ($4,300) for a gaming table or a processing centre run by a tote or a bookmaker; and from RUB 3,000 ($51) to 15,000 ($258) for a slot machine.

The TSUPIS legislation restricts money transfers to illegal bookmakers, and introduces a RUB 2.5 to 3 million tax on an online bet processing centres (TSUPIS). This law obliges bookmakers and totes to deduct taxes from wins exceeding RUB 15,000, removing this responsibility from the punters.
Currently, there are two TSUPIS operating in Russia, run by competing self-regulatory bookmaker trade associations.
InfoPowa readers will recall that the Russian Finance Ministry has been clear on its ultimate intentions to raise gambling taxes ten-fold over the next few years.

The laws come into effect early in 2018.

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Brian Cullingworth

Brian Cullingworth

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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