In Latvia, The Parliament Approved Amendments To The Laws Of Gambling

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April 20, 2022
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On the final reading of the law on gambling parliament latvia approved the proposed amendments. Thus, the amount of tax revenues from gambling business increased from 75 to 95%.

In Latvia, The Parliament Approved Amendments To the Laws of Gambling

The amendments are areed at increasing the tax revenues in favor of the state and are designed to solve the problems with the budget. Before making edits, the state budget reveigned 75% of tax revenues from gambling, 25% at the same time accounted for budgets of municipalities. In the first reading, members of parliament proposed to increase revenues to the state budget to 90%, but the coalition agreed to 95%.

Other amendments that will take effect in 2020, in accordance with the law on gambling, establish that the tax rate for such gambling, like a roulette, card games and bones, will grow with €23.4 thouusand. Before €28 thousand. In year. The gaming taxes will increase with €4.1 thouusand. Before €five.1 thouusand.

Recall, for the first time in three years, a woman became the winner on poker masters.

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