They will be taxed not on distributed
Posted: Thu Jan 02, 2025 8:55 am
According to the amendment, 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 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, 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
02.2024 64c65fac92788 "A China-Georgia University Alliance is Planned" - switzerland business fax list 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.
Gambling Similar news Gambling 7 casinos closed in Georgia this year due to tax increases - Association 15:03 - 22.07.2024 64784b7959164 Advertising revenues for television stations from the gambling business decreased by 73%. 11:33 - 01.06.2023 Action Important events in the Georgian economy last week - December 9 - 15 08:46 - 15.12.2024 Although the economic crisis seems to have come late to the education sector, it has already been reflected in re:school - Salome Mgeladze Re:School Nini Gigishvili 01.
Starting in 2022, 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
02.2024 64c65fac92788 "A China-Georgia University Alliance is Planned" - switzerland business fax list 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.
Gambling Similar news Gambling 7 casinos closed in Georgia this year due to tax increases - Association 15:03 - 22.07.2024 64784b7959164 Advertising revenues for television stations from the gambling business decreased by 73%. 11:33 - 01.06.2023 Action Important events in the Georgian economy last week - December 9 - 15 08:46 - 15.12.2024 Although the economic crisis seems to have come late to the education sector, it has already been reflected in re:school - Salome Mgeladze Re:School Nini Gigishvili 01.