The authorities of North Ossetia intend to raise taxes for bookmakers

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The government of North Ossetia has decided to establish a strict legal and taxation base for the regulation of betting business. A draft law to increase revenues in the budget by increasing tax rates for bookmaker’s shops and betting houses has already been developed.

Власти Северной Осетии намерены повысить налоги букмекерамTwo new draft laws on the activities of bookmaker’s shops and betting houses were reviewed by a panel of the Parliament of North Ossetia-Alania on Social Policy, Health and Veterans Affairs. These spheres of the gaming industry currently lie outside the spheres of legal and tax regulations.

After a statutory ban on gambling in the Republic of North Ossetia, taxes from bookmaker’s shops and betting houses are collected at the lowest rates. In 2015 the budget of the Republic received 4 023 mln. RUB (57 thousand USD), which, according to the Parliament, does not reflect the real bookmaker activity.

The Parliamentary Committee promoted two bills that presuppose taxation for bookmaker’s shops and betting houses at higher rates. This will increase the Republic’s budget revenues by approximately 40 %. These bills are included in the agenda of the next meeting of the Parliament Council of North Ossetia-Alania, after which they will be proposed for consideration by the supreme legislative body.

It bears reminding that the Parliament of the Republic decided to ban gambling in 2006. The betting business has been actively developing on the territory of the Republic since that time.