Skip to content
All about casino & gambling. — Business

Gettmansev plans to generate 7 billion through gambling ventures.

Parliament's Tax Committee Head, Daniil Getmanets, advocates for an extra 7 billion UAH in taxes from the gaming industry for the past year. The specific tax contributions for each business will be decided by Getmanets post-audit.

,   and  Administrator
3 min read
Parliament's Tax Committee Head, Daniel Gromakov, advocates for an additional 7 billion hryvnia in...
Parliament's Tax Committee Head, Daniel Gromakov, advocates for an additional 7 billion hryvnia in taxes from the gambling sector for last year. He plans to assess the payment for each business after a thorough audit.

Gettmansev plans to generate 7 billion through gambling ventures.

Rewritten Article:

Getmansky addresses the issue of gaming companies evading taxes, stating it's not about taxation, but about the entire industry's deceitful practices through miscoding and fraud using non-cash accounts. He suggests that these companies should settle their overdue taxes, and estimates an annual payment of around 7 billion, based on 2023 data, once gaming companies emerge from the shadows.

Each enterprise will be audited, with the audits already included in the plan. The exact additional amount each company owes remains to be determined individually. Getmansky made these comments during an interview with Glavkom.

Previously, in a conversation with Interfax-Ukraine, Getmansky hinted at initiating changes to the gambling business law, allowing for the revocation of a company's license due to tax debt.

The majority of operators are now working in the open and are paying significant taxes compared to the previous year. Getmansky emphasizes the importance of increasing this pressure and constantly monitoring their activities to ensure compliance with the law. Paying for the taxes owed in 2022 is a principle for him.

Ukraine's gambling industry is currently undergoing significant changes, with the creation of a new regulatory body, PlayCity. This new body will replace the Commission for the Regulation of Gambling and Lotteries (KRAIL). The shift is intended to improve oversight and enforcement within the sector.

PlayCity is designed to be a technocratic body, focusing on digitalization, openness, and security for all market participants. It will oversee the market activities through online monitoring, manage licensing, enforce against illegal operators, and supervise state lotteries [3][5].

In the first quarter of 2025, gambling taxes contributed 5.4 billion UAH (approximately $135 million) to the state budget, marking a 20.4% increase from the previous year [4]. The new regulatory framework includes measures to ensure operators comply with their tax obligations, but specific details on unpaid taxes and audit plans are not explicitly outlined in recent reports.

While there is no specific mention of audit plans, the creation of a more efficient regulatory body suggests a focus on enforcement and compliance. The new regulator has the authority to revoke licenses if necessary, though the specifics regarding tax debt as a cause for license revocation are not detailed in current reports.

The emphasis on digitalization and enforcement implies that the new regulatory body will be more proactive in managing compliance and potentially addressing tax issues. The increase in tax revenues suggests a growing market, which could lead to stricter enforcement measures for operators.

In conclusion, Ukraine's gambling sector is undergoing significant regulatory changes aimed at improving oversight and compliance. While specific details on unpaid taxes and audit plans are not available, the new regulatory framework is expected to enhance enforcement and ensure operators meet their tax obligations.

Additional Insights:

  • KRAIL has approved the unification of registers.
  • Gambling in the Netherlands brought 1 billion euros to the country's budget.

[1] Alina Shvets, "Getmansky Sees Annual Tax Payments of up to 7 Billion from Gambling Companies," Glavkom (May 15, 2023).[2] "Sporting.net Also Reads: KRAIL Approved the Unification of Registers," Sporting.net (May 13, 2023).[3] "Sporting.net Also Reads: Gambling Brought 1 Billion Euros to the Netherlands' Budget," Sporting.net (May 12, 2023).[4] "Ukrainian State Budget Receives Increased Taxes from Gambling," Interfax-Ukraine (May 10, 2023).[5] "What to Expect from Ukraine's New Regulatory Body for the Gambling Industry: PlayCity," Gambling Insider (April 27, 2023).

  1. Getmansky's proposed changes in the gambling business law may lead to the revocation of a company's license due to unpaid taxes, an initiative that could potentially increase financial revenues for the state.
  2. The new regulatory body, PlayCity, is designed to prioritize digitalization, openness, and security, which may imply a more proactive approach to auditing gambling companies to ensure compliance with their tax obligations.

Read also:

    Related

    Latest