The Ministry of Finance of Latvia decided to increase the attractiveness of the casino

The Ministry of Finance of Latvia decided to increase the attractiveness of the casino

The Ministry of Finance of Latvia decided to increase the attractiveness of the casino The Ministry of Finance of Latvia has decided to increase the attendance of the casino. Officials are proposing to double the threshold for taxation of winnings. The existing standard has been in effect since January.

Commenting on the change in course, the Ministry of Finance reminded reporters that today's taxation of casinos burdens winnings over € 3,000. The standard has been earned since January. Life has shown the excessive rigidity of the measure. The specialists of the ministry, neutralizing the consequences, suggested raising the indicator to € 7200.

Winnings in the casino, the agency said, exceeding the above-mentioned threshold, will be subject to a 23 percent duty. The deductions will be shown as “personal income tax”. The casino owners, discussing the financial policy of Latvia, asked the officials to introduce a register of self-rejectionists. This implies the improvement of the "access" system: those entering the casino are identified. Latvians who have asked for state protection against gambling addiction are simply not allowed. The Ministry of Finance has estimated the gambling business initiative at € 83,000.

Last year, officials said, the list of self-denials numbered 1,200. In the current year, 85 Latvians have been added to the register. The republican inspection dealing with casinos, having received another application, forwards the application to the owners of gambling establishments. The scheme of further actions of the casino management has long been worked out. True, there is no legal framework supporting the initiative of government agencies, which is what the gambling business community is concerned about.

03 july 2018, 10:22

The following pages may interest you as well:

MGM Osaka's future casino won out by profitability of competitors Latest casino news 29 september 2021

MGM Osaka's future casino won out by profitability of competitors

The profitability of MGM casino in Osaka will exceed half a billion yen. […]

Orleans Casino - Californian hit the jackpot Latest casino news 28 september 2021

Orleans Casino - Californian hit the jackpot

Guest from California won $ 665 thousand in Las Vegas. […]

Wazdan hones volatility function Latest casino news 27 september 2021

Wazdan hones volatility function

The level of volatility is the concern of the casino. […]

New Stakelogic and Hurricane Games slot machine released to the market Latest casino news 25 september 2021

New Stakelogic and Hurricane Games slot machine released to the market

Stakelogic and Hurricane Games have released a new slot. […]

Belgium online casinos will have to be modernized Latest casino news 24 september 2021

Belgium online casinos will have to be modernized

The Belgian Constitutional Court overturned the 1999 law. […]

Nolimit City and Slotegrator are now partners Latest casino news 23 september 2021

Nolimit City and Slotegrator are now partners

The contract brought together Nolimit City and Slotegrator. […]

Comments ()

    You need to login to create comments.

    Recommend Casinos

    Joycasino
    Joycasino
    Casino-X
    Casino-X
    MalinaCasino
    MalinaCasino
    BitStarz Casino
    BitStarz Casino
    Jackpot city casino
    Jackpot city…
    All Slots Casino
    All Slots Casino
    AHTI Games Casino
    AHTI Games Casino
    PlayOJO Casino
    PlayOJO Casino
    Eurogrand Casino
    Eurogrand Casino
    EUcasino
    EUcasino

    Recommend Games

    Gonzo's Quest Megaways
    Gonzo's Quest Megaways
    Reactoonz 2
    Reactoonz 2
    Book of Dead
    Book of Dead
    Starburst
    Starburst
    Gonzo's quest
    Gonzo's quest
    Age Of The Gods: Glorious Griffin
    Age Of The Gods: Glorious Griffin
    Grand spinn
    Grand spinn
    Dazzle me
    Dazzle me
    Hotline
    Hotline
    Berryburst
    Berryburst