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.

Author: Ivanov Harlam Ivanov Harlam | Last update: 03.07.2018

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