Home » Ukraine Wants to Legalize the Game to Finance its Budget Via Taxes
Business

Ukraine Wants to Legalize the Game to Finance its Budget Via Taxes

Ukraine

Ukraine is exploring how to make a profit from the game and its finance minister Oksana Markarova has already released the first clues. The official said that the legalization of gambling could generate between 5,000 and 9,000 million Hr for the treasury through tax collection.

Markarova reported on the presentation of a game bill to the Verkhovna Rada (Parliament) in which it is contemplated that revenues from legal gambling can be included in the draft budget of Ukraine in 2020.

The minister said that:

“according to our conservative estimates, this represents between 5 and 9 billion resources of the resource, which can be fully mobilized if everything works.”

The game bill that was presented to the Verkhovna Rada last October, seeks to legalize the gaming business in the country. It also seeks to create and implement an effective game regulation policy that serves to guarantee the protection of the rights and interests of all citizens.

Source: https://europeangaming.eu/portal/latest-news/2019/10/28/57350/ukraines-finance-minister-says-legalisation-of-gambling-can-bring-profit-through-taxation/

Tags

About the author

Santiago Contreras

Santiago Contreras

I am a professional journalist dedicated to tracking news related to the stock market, business, finance, blockchain and economics. It is a hobby that I share with sports in general, with special attention to tennis, basketball and soccer. I like to offer our readers relevant, entertaining and useful content to help them inform themselves and make decisions every day. Thanks for reading me!

Add Comment

Click here to post a comment

The following GDPR rules must be read and accepted:
This form collects your name, email and content so that we can keep track of the comments placed on the website. For more info check our privacy policy where you will get more info on where, how and why we store your data.