Ukraine Intends To Reduce The Cost Of Licensing For Gambling Operators

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January 20, 2022
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Ukraine Proposed to Reduce Licensing Fees

According to european gaming editions, ukraine is going to revise a new law, which will reduce licensing costs for operators who want to enter the regulated market of gembling in the country. According to a new bill, in ukraine, license holders will not pay a triple duty in the absence of a monitoring system that is still created and depending on the vertical in which the want to work.

Bookmakers will have to pay approximately 1 million dollars to cover license fees, whereas previously the exceeded 3 million. Holders of a license for an interactive casino will pay $ 250,000 for a license, unlike almost $ 800,000 according to the initial proposal.

However, in the absence of a monitoring system, license holders will be required to conduct an audit and submit it to ukrainian tax authorities as soon as the system is officially accepted.

Source: edition european gaming

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