More delays hit Ukrainian gambling tax proposal
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Ukraine missed its final chance to ratify Bill 2713. The bill would have fixed outstanding tax issues and confirmed the new gambling landscape. President Volodymyr Zelensky's government prioritized other issues, including the response to the coronavirus pandemic and rising military tensions with Russia.
Ukraine is home to over 41 million people. The government approved a measure in August of 2020 that ended a long-running prohibition on most forms of gambling. However, the legislation lacked a number of important technical and tax provisions.
The Verhovna Rada didn't discuss Bill 2713 at its last meeting on Friday. The body is on holiday until January 4th.
Bill 2713 seeks to do away with Ukraine’s current ‘triple lock licensing fee” regime in favor of a 10% flat tax on all forms of gambling revenues. The new regime has the backing of the majority Servant of People political party.
The Ukrainian Commission for the Regulation of Gambling and Lotteries awarded its inaugural iGaming license to Spaceiks LLC in February. Cosmolot24.com was granted permission to offer a wide range of games including slots, roulette and baccarat. The parliament has run out of time to hear Bill 2713 today and it's unlikely to be passed before the voting in two weeks.
