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UKRAINE HAD PROMISED the IMF TO LEGALIZE GAMBLING IN 2018

Gambling industry in Ukraine could be legalized in 2018. It is declared in the Memorandum between Ukraine and the IMF as of 2 March 2017. The full text was posted to the web site of the Ministry of Finance of Ukraine.

“We will refrain from any essential tax cuts and will not introduce new schemes of tax exemption and tax administration, - claims the document. We will strengthen requirements as to simplified taxation, - a substantive gap of our tax system, starting from 1 January 2018. We will also abstain from introducing preferential taxation – except for local estate taxes – for entities operating in industrial zones. To harmonize recording and payment of unified social tax and personal income tax, we will submit to the Verkhovna Rada of Ukraine appropriate drafts to be adopted till the end of April 2017. We shall legalize amber mining and gambling industry, facilitating additional budget revenue, no later than in 2018”.    


According to Nina Yuzhanina , the MP, the Committee of the Verkhovna Rada of Ukraine on Taxation and Customs Policy reviews nearly 30 drafts on regulation of gambling industry, including lotteries.
 

Main Science Expert Board of Ukraine had reported out the draft “On unshadowing of gambling market and budget revenue support for the purpose of carrying out of social commitments” submitted by the Prime Minister of Ukraine Vladimir Groysman. The Verkhovna’s Rada Committee on corruption Prevention and Counteraction recommended declining the draft in October last year. 

05.04.2017