Gambling tax proposal in Ukraine

[tabas]

Will they be able to catch also those that are doing it privately? there's no tax with that, there's no need for registration and it's not only happening in Ukraine.
Because in most countries, there are those silent places where people can gamble without worrying about taxation and registrations.

[Oilacris]

Will they be able to catch also those that are doing it privately? there's no tax with that, there's no need for registration and it's not only happening in Ukraine.
Because in most countries, there are those silent places where people can gamble without worrying about taxation and registrations.

And those are mostly done underground or even the worst on where those places are ran by the government itself thats why they cant really able easily be taken down.

Its just normal that taxation would really be asked out since any business isnt really exempted for this one.Everybody should be obliged to pay up taxes but there are

businesses who do really skip out on doing so neither for personal reasons or just simply they dont like to pay up taxes.

[chaser15]

Will they be able to catch also those that are doing it privately? there's no tax with that, there's no need for registration and it's not only happening in Ukraine.
Because in most countries, there are those silent places where people can gamble without worrying about taxation and registrations.

If it's tipped to the authorities then those gambling operators working in the dark will be apprehended and catch.

But like in any other country too, there is dirty money. It means those gambling operators that are not a registered businesses are giving money to the high person or official to keeps their company running without paying a tax.

In other words, CORRUPTION.

[DrBeer]

I don't know why some people are worried about tax on gambling sites, isn't it taxes are for casinos only and not on the gamblers. I mean, they are the ones who are making money, most gamblers are spending money just to be entertained, so we don't pay taxes on entertainment, I think that makes sense, right?

I do not know what you meant by this, but you either meant that only gambling companies will pay tax? Or most gamblers would have lost while losses will first be deducted before paying tax? Yes about this second one. But taxes in gambling industry depends on the governmental laws and policies towards gambling, there are some countries that only the gambling companies that provide gambling services will only be the ones to pay while punters will not pay any tax irrespective of any gain they made, but there are countries in which the punters will have to pay tax of any net gain, which means if the gamblers is losing already, he will not have to pay until he gained back all his losses.

Yes, I meant the gambling sites will be the only ones who will pay taxes and let the gamblers enjoy their winning, and eventually they will still lose it when they come back. it's also easier to track the performance of the casino than the gamblers, and since casinos are profitable, they should only be the one who will pay, this way it will attract gamblers to gamble as they are getting real entertainment without tax liability.

I will clarify a little about the tax scheme that works in Ukraine. Gambling business taxation includes fees and taxes from companies that organize offline / online platforms and are responsible for organizing and providing these services to consumers. At this stage, the attractiveness of organizing such a business lies in tax holidays and low taxes.
For the player - he does not pay any taxes, receiving the winnings on such a site. The player may have tax liabilities only in the country of which he is a citizen, if there is such legislation in the country and the player himself has a conscience The only potentially "unpleasant" moment may be the requirement to pass the KYC. Well, the interaction of the site with the fiscal structures of different countries - but this is usually in the case of major financial crimes.

[icopress]

I will clarify a little about the tax scheme that works in Ukraine. Gambling business taxation includes fees and taxes from companies that organize offline / online platforms and are responsible for organizing and providing these services to consumers. At this stage, the attractiveness of organizing such a business lies in tax holidays and low taxes.

Let's start with the fact that no matter how attractive the taxation of the gambling business in Ukraine is, all bookmakers are still black bookmakers instead of buying a license. There are thousands of bookmakers in Ukraine, and I know only one bookmaker that has a state license (the cost of the license is a little over $ 6 million, or 30 thousand minimum wages). So attractiveness is out of the question ... considering that no one cares about the interests of the players.

[aioc]

Ukraine is not going to tax online gambling sites, which is an impossible task as there are many safe heavens they can move to. The tax will be levied on offline gambling casinos and stores and there is nothing is in taxing these casinos, as mentioned above by DrBeer there was no taxes levied upon them earlier and anyone could operate a casino and now they wanted to tax them and it is normal.

If Ukraine did not tax them before and just now, I don't see anything wrong with this, if you are operating a business and you are making a profit
from your business, it's just right that the government to impose a tax on your business, these casinos are lucky then that they experienced free taxes all these years and now it's time for the government to tax them to sustain government funding, government get their funding from taxing its people and business, it's basic.

[john_nautica]

Ukraine is not going to tax online gambling sites, which is an impossible task as there are many safe heavens they can move to. The tax will be levied on offline gambling casinos and stores and there is nothing is in taxing these casinos, as mentioned above by DrBeer there was no taxes levied upon them earlier and anyone could operate a casino and now they wanted to tax them and it is normal.

If Ukraine did not tax them before and just now, I don't see anything wrong with this, if you are operating a business and you are making a profit
from your business, it's just right that the government to impose a tax on your business, these casinos are lucky then that they experienced free taxes all these years and now it's time for the government to tax them to sustain government funding, government get their funding from taxing its people and business, it's basic.

I agree with you, especially that this industry have a significant demand, and so taxation on revenues must be done to support government programs. Just like any other business, I think it is reasonable for casinos to be taxed since the amount of their revenues are quite high. Thus, this calls for balancing the economy thru redistribution of wealth for public benefit through government initiatives. Also, this encourages establishments to follow regulations and operate legally.

[savetheFORUM]

I think this ordinance will work well for Ukraine's economy considering they ranked #40 among Top 100 countries when it comes to game revenues from gambling sessions. I couldn't see why they took some time to post this bill to the respective authorities as it could work well for the country economically, and individually. I'm supposing imposing higher tax rates for every winnings or stakings will discourage people who would gamble for the winnings and not because they want to relax, therefore saving them all the trouble and hassle losing money you can't afford brings.

In recent time we have some very good rise in gambling activities just because of this many countries are now working on this as they understand this could be great source for them to increase income even many punters losing this field due to these taxes but still addiction is on and for few they want to have some big in quick time with this as its all-time opportunity available for every one.

In gambling few feel tax must be not high as this is also problem for few because they don't want to pay big amount even they are paying this from their win, authorities need to take some better and soft policies about this.

[boyptc]

If Ukraine did not tax them before and just now, I don't see anything wrong with this, if you are operating a business and you are making a profit
from your business, it's just right that the government to impose a tax on your business, these casinos are lucky then that they experienced free taxes all these years and now it's time for the government to tax them to sustain government funding, government get their funding from taxing its people and business, it's basic.

With the accordance and response to the pandemic, most of the countries needed to take every source for additional budget of their government. And that's maybe one of the reason they've suddenly came up with it.

Yes, if a business profits, they should tax it.

[DrBeer]

If Ukraine did not tax them before and just now, I don't see anything wrong with this, if you are operating a business and you are making a profit
from your business, it's just right that the government to impose a tax on your business, these casinos are lucky then that they experienced free taxes all these years and now it's time for the government to tax them to sustain government funding, government get their funding from taxing its people and business, it's basic.

With the accordance and response to the pandemic, most of the countries needed to take every source for additional budget of their government. And that's maybe one of the reason they've suddenly came up with it.

Yes, if a business profits, they should tax it.

All over the world, the Covid 19 pandemic gave a powerful impetus to the development of online businesses, different areas of B2B, B2C, and of course the entertainment and games segment. After the lockdown, when access to physical betting sites was simply limited, the growth of online channels immediately began for the existing physical sites.

[ethereumhunter]

All over the world, the Covid 19 pandemic gave a powerful impetus to the development of online businesses, different areas of B2B, B2C, and of course the entertainment and games segment. After the lockdown, when access to physical betting sites was simply limited, the growth of online channels immediately began for the existing physical sites.

You are right. While the country is still lockdown and their people can not freely go to the public area, people use online gambling to continue their gambling activity. Some gamblers search on the fiat gambling site and play on it, while others find the crypto gambling site and use it to gamble. Out of that, online gambling benefits from the lockdown because the site has many new gamblers from many countries.

[Davidvictorson]

If Ukraine did not tax them before and just now, I don't see anything wrong with this, if you are operating a business and you are making a profit
from your business, it's just right that the government to impose a tax on your business, these casinos are lucky then that they experienced free taxes all these years and now it's time for the government to tax them to sustain government funding, government get their funding from taxing its people and business, it's basic.

With the accordance and response to the pandemic, most of the countries needed to take every source for additional budget of their government. And that's maybe one of the reason they've suddenly came up with it.

Yes, if a business profits, they should tax it.

I couldn't agree more. If it brings in profit tax it. Although, I'm thinking 10% may be sort of too much. How is this going to affect those who visit online casinos. Well, in the next 6months, we'll be back to see how far they have fared.