Russia cuts sports betting tax rate

18 November 2016

Russia’s Ministry of Finance has announced that the tax rate on licensed sports betting operators in the country will be cut to 1%.

In March, the Russian government introduced a rate of 5% of sports betting revenue, with operators required to make a minimum quarterly payment of RUB15 million (€218/300/US$234,000).

However, after the rate was dropped down to 3% last month to offer operators a tax break, this has now been further lowered to 1%.

The move reportedly comes in response to a series of appeals from companies in Russia that already face various other taxes and regulatory fees.

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