Latest News

Ukrainian Gambling Tax Bill Progresses to Second Reading

Ukrainian Gambling Tax Bill Progresses to Second Reading
Ukrainian Gambling Tax Bill Progresses to Second ReadingReading Time: < 1 minute

 

Verkhovna Rada, the parliament of Ukraine, has sent a bill that would set gambling taxes in the country to a second reading, though an attempt to wave through the proposal with a single vote failed.

The proposal – bill 2713-D – was first put forward by a legislative committee in February this year and would set tax rates at 10% of gross revenue for all verticals. In addition, the proposal also repeals a threefold increase in licence fees that would have applied until the country established a central monitoring system for gambling.

The Rada first voted on whether to pass the bill into law, without the need for a second reading. Although many more deputies voted for the bill than against, by a 217-59 margin, 55 members either abstained or didn’t vote. As a result, the bill fell short of the 226 votes required to pass a bill without a second reading.

After this vote failed, deputies then voted on whether to instead simply pass the bill to a second reading. In this case, 229 deputies voted for the bill and 58 against, allowing it to pass.

The bill had previously been scheduled for a first reading on 19 May, but this vote was delayed to June.

George Miller began his career in content marketing before joining the HIPTHER team in 2016 as an Editor and Content Manager. His ability to distill complex regulatory data into newsworthy B2B content led to his appointment as Head of Content in 2017.…

Related Posts

Load More Posts Loading...No More Posts.

We are constantly showing banners about important news regarding events and product launches. Please turn AdBlock off in order to see these areas.