Moscow authorities are in preparation to double the gambling tax on slot machines. They are hoping to increase the taxes on gambling tables and bookmaking offices by 25%. The taxes are seemingly high, and this will raise them even more.
Gambling taxes will be determined by the Tax Code. The monthly tax rate for slot machines will be raised from $131 to $262, and for other types of gambling, from $3,498 to $4,373 per unit. This may be good for some and bad for others.
The gambling businesses are huge in Russia. There are 56 casinos and 63,000 slot machines in just Moscow. The idea of added tax will bring in $69.96 million to the city budget. |
