Ukraine Finance Minister Says Legalised Gambling Legalisation Can Bring Tax Profit

Ukraine’s Finance Minister Oksana Markarova said that the legalisation of gambling in Ukraine would carry an additional Hr 5-9 billion by taxation into state coffers.

Markarova also said that the Verkhovna Rada has approved a gambling law and that income from the legalisation of gambling in Ukraine can be included in the country’s 2020 draught budget.

“According to our conservative estimates, this is Hr 5-9 billion of the resource, which can be fully mobilised if everything works,” Markarova said.

The new gambling law was finalised and submitted in October 2019 to the Verkhovna Rada. This aims at legalising gambling industry across Ukraine, establishing and enforcing effective government policy in the field of gambling control, as well as ensuring the protection of citizens ‘ rights and legitimate interests.