Lottery Market Of Kazakhstan: Reducing Development Rates Against The Background Of Tax Policy

The market of lottery operations of kazakhstan, wh in recent time gained momentum, – slobs. Experts call one reason to tighten the tax burden.

According to experts, the organic development of the lottery market in kazakhstani in a more loyal tax policy. The complexity in the industry began after the introduction of vat in early 2018. The country has the only operator – ao «sәtti zhaldyz», and the innovation hit the lottery in terms of lottery.

President of ao «sәtti zhaldyz» alexander ten stated that the company’s plans – creating a unified lottery in the eurasian economic union countries (eaep). However, difficulties arise due to the introduction of vat, which are not subject to similar operations not only within the framework of the world. The representative of the industry notes that the introduction of an additional cost tax – illogical, because, in fact, there is no additional cost of these operations.

The above tax is charged on the sales of the operator and the prize fund (70% turn). Indition to the fiscal burden, the operator fulfills its obligations regarding sports in the country. So, during the work of the company for such needs, about 286 million tenge was listed.

It is signicant that the operator assumed increased obligations to support social projects, but at that time speech about the introduction of vat for lottery operations was not.

This problem touched not only the lottery operator, but also partner networks of distributors. The tax paid by the latter is 3%.

The executive director of the lotteryr mukhin, supports the position of the tax factor largely restrains the development of the industry.

The good news for the lottery of kazakhstan is that parliamentarians realized the falliaty of such a tax policy and consider not only to abolish vat for lottery operations, but also to support the industry, tightening control over unlicensed operators. At the moment, the legislative act, the changes desired for the lottery operator, is under consideration by parliament.

Recall that sales of lottery tickets in kazakhstan are controlled by it technologies.