The country, which is home to more than 41 million people in the gambling industry, which reached 967 million euros a year before the 2009 ban, is trying to lift the ban and open Ukraine to the industry. Even after the ban was repealed in August 2020, the bill that was introduced lacked many of the specialized skills in tax and other issues that Bill 2713 sought to address.
According to Ilya Machavariani, senior partner at gambling consultancy 4H Agency, the bill aims to abolish Ukraine’s “triple lock license fee” and replace it with a flat fee of 10% of all sales generated by companies in the industry. This system is politically supported by the majority of relevant People’s Party followers, but due to force majeure, the bill has been scrapped due to procedural overhaul of all tax proposals and the urgent political situation. When the Verkhovna Rada in the Ukrainian parliament was scheduled to vote on the bill, the parliament’s finance committee approved the bill, but President Volodymyr Zelensky addressed more relevant issues, such as the COVID-19 pandemic and continued tensions with Russia. The bill was not introduced at the group’s last meeting on Friday, but it was the last opportunity to introduce it before Congress dissolved for the festivities, which are scheduled to reopen on Jan. 4.
On the topic of this regulatory achievement, Machavariani said: “We have been constantly monitoring the situation with everything regarding gambling regulations in Ukraine and today we were expecting it to finally unfold into something more meaningful than another delay. Unfortunately, Congress has run out of time to listen to Bill 2713 today, so we’ll see now if we finally get to the polls in two weeks. At the moment, the chances are pretty grim.
Source: Casino.com
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