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Gambling tax rates increase in Russia

Russian Finance Ministry updated its website showing a new increase in gambling tax rates, which apply to all taxable activities associated with gambling and comes after amendments were made to draft law.

The first reading of the draft law passed in May 2016. The tax rate per gaming table moved up to USD 4.000 from USD 800. As far as slots are concerned, the machines will now go to RUB USD 251 per unit from USD 50. Each processing center operated by a bookmaker or tote will see an increase from USD 840 to USD 4.190. Betting shops have taxes of USD 168 to USD 235, according to a report on Asia Gaming Brief.

Online betting processing centers are also covered under the new tax rates. The rate is the same as proposed in the draft law, from 2.5 to 3 million, however, this rate is not in place as of yet.

Bookmakers are also currently preparing to join online wagering processing centers. BaltBet should be ready for online operations by January 25, while Bet City and Pari Match will be offering services by the spring months.

Source: GMB / Worldcasinodirectory.com