Discussions on gambling taxes prolonged for six months, as per Gettmantsev.
The Gist on Gambling Taxes in Russia
In a recent disclosure, Daniil Getmantsev, head of the financial committee, has raised concerns about the tax structure on gambling winnings. He made this revelation in a Telegram channel.
Getmantsev pointed out a noticeable discrepancy, as the tax on gambling winnings has significantly increased by 7.3 times compared to the previous year. Meanwhile, the personal income tax (PIT) has only seen a modest 26.1% increase during the same period. This apparent disparity, according to Getmantsev, suggests the need for a reevaluation of the tax on winnings.
June saw a significant surge in taxes paid by the gambling industry, with the amount paid more than doubling compared to June of the previous year.
It's worth noting that Russia's standard VAT (Value-Added Tax) rate stands at 20%, with a reduced rate of 10% for certain goods and services. When it comes to personal income tax, Russia typically levies a flat rate of 13% (for residents). However, the specific tax rate for winnings is not explicitly stated.
Recent economic focus in Russia has been on military Keynesianism, addressing ruble volatility, and countering sanctions. Whether this raises a possibility of changes in the tax structure for gambling winnings remains to be seen.
For more updates related to gambling regulations and industry news, check out sporting.net. They've also covered Getmantsev's views on easing restrictions on advertising and sponsorship in the controversial gambling bill. Additionally, the Office of the Prosecutor General has reported on its efforts against illegal gambling. It seems the share of the "white" gambling market has grown from 5% to somewhere between 40-50%.
- The prosecutor's office has reported on their efforts against illegal gambling, indicating a shift in the gambling market.
- Daniil Getmantsev, head of the financial committee, has expressed concerns about the tax structure on gambling winnings and suggested a reevaluation due to a significant discrepancy in tax rates.
- The tax on gambling winnings in Russia has increased dramatically, while the personal income tax (PIT) has only seen a modest increase, suggesting a need for changes in the gambling tax structure.
- The gambling industry has seen a significant surge in taxes paid, with the amount paid more than doubling compared to the previous year, highlighting the financial aspect of the business.
- With the focus on military Keynesianism, addressing ruble volatility, and countering sanctions in Russia, it remains to be seen if this move towards stricter gambling taxes is part of a larger economic shift, or if changes in the tax structure for gambling winnings will be addressed.
