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Latvia imposed almost $0.5 billion annual tax on live casinos

Latvia imposed almost $0.5 billion annual tax on live casinos

30 November 2017

The Latvian government has revised its policy of taxing live casinos. Instead of $14 000 (€11 700) for 1 gaming table, live services operators will have to pay $475 million (€ 400 000) per year to the country's budget.

The new legislation will come into force on January 1, 2018. It will become a kind of an addition to the previously stated policy in relation to gaming slots. The capital city authorities have forbidden to install such machines anywhere, except for 4 or 5 star hotels.

 

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12 October 2017