Business news from Ukraine

Business news from Ukraine

PIN-UP Ukraine leader in gambling business in payment of taxes in January-June

6 July , 2023  

Gambling business in Ukraine in January-June 2023 paid 2.94 billion UAH of taxes, which is 14 times more than during the same period in 2022, said the first deputy head of the specialized parliamentary committee, head of the temporary investigative commission (TIC) on economic security Yaroslav Zheleznyak.

“Let me remind you: the first half of 2022 gambling business brought to the budget only 209 million UAH. And most of the operators were sitting on the “2%” benefit and were engaged in miscoding,” he wrote in the Telegram-channel on Wednesday

Zheleznyak specified that for June collected 562 million UAH, which is 100 million more than in March, when companies also paid income tax.

“There are still some particularly ‘smart’ ones in the market, especially with income tax, so there will be a continuation,” he added.

In addition, on Wednesday, Ukrainian online casino PIN-UP Ukraine reported paying 1.067 billion UAH to the budget in the first half of this year: in the first quarter – 524.7 million UAH, in the second quarter – 519.2 million UAH.

The company specified that this amount also includes 23.4 million UAH for the license to operate obtained by LLC “Ukr Game Technology” in 2021.

“We strive to become an example of business that contributes to the economic development of the country,” PIN-UP Ukraine COO Igor Zotko said in a statement.