12.2023 63da1ae5e3f96 Applications for Forbes Georgia's 30 UNDER 30 project have begun. 11:51 - 01.02.2023 Profit tax for gambling businesses to increase from January 1 Gambling games online casino Shota Tkeshelashvili 01.01.25 19:31 • 7339 Starting in 2025, the level of taxes for online gambling companies will increase - this is provided for by the law adopted by Georgian Dream deputies in an expedited manner in December 2024.
, the profit tax for companies that hold a license to operate online gambling will increase from the current 15% to 20%. According to the explanatory note to the initiative, this amendment will result in an additional
02.2024 64c65fac92788 "A China-Georgia University Alliance is Planned" - switzerland business fax list 115 million GEL in the budget. Gambling companies, and in particular those firms that provide gambling services to customers electronically, are taxed under a different profit tax regime than other sectors.
Starting in 2022, they will be taxed not on distributed profits, but on 15% of their net gambling revenue (GGR), which is 15% of the difference between bets received and winnings paid out. The online casino sector will be taxed on this principle starting in 2022. Initially, this rate was 10%, increasing to 15% from 2024, and starting in 2025, their profit tax will be 20% of GGR.
According to the amendment
-
likhon450@
- Posts: 442
- Joined: Sun Dec 22, 2024 4:09 pm