Home > Legal & compliance > Legal > Ukrainian parliament reinstates 18% turnover tax
Danylo Hetmantsev, chairman of Ukraine’s Finance Committee, has reported that Ukraine re-introduced the 18% turnover tax on online casino operators.
Hetmantsev made the announcement on instant messaging service Telegram. In his post, the chairman claimed this will bring a minimum of UAH1.5bn (£32.1m/€37.1m/$40.8m) per year into Ukraine’s budget.
In a Thursday plenary session, the chairman of the Verkhovna Rada, Ukraine’s legislature, Ruslan Stefanchuk, announced the amendment of the country’s tax code under draft law 6,529.
Increasing the number of sanctions
As well as amending the country’s tax code, draft law 6,529 added to the already expansive list of sanctions that could be imposed by Ukraine’s National Security and Defence Council.
Earlier this year, Parimatch suspended its operations in Ukraine. This came after Ukrainian president Volodymyr Zelensky signed Presidential Decree No 145/2023 into law.
This placed sanctions on 287 companies, including betting entities, and 120 individuals.
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