According to the explanatory note to the

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ge 13:33 - 15.12.2024 Profit tax for gambling businesses to increase from January 1 Gambling games online casino Shota Tkeshelashvili 01.01.25 19:31 • 7347 Starting in 2025, the level of taxes for online gambling companies will increase - this is provided for by the law adopted by Georgian Dream deputies in an expedited manner in December 2024. According to the amendment, the profit tax for companies that hold a license to operate online gambling will increase from the current 15% to 20%.


nitiative, this amendment will result in an additional 115 million GEL in the budget. Gambling companies, and in particular those firms that provide gambling services to customers electronically, are taxed under a canada business fax list different profit tax regime than other sectors. From 2022, they will be taxed not on distributed profits, but on 15% of their net gambling revenue (GGR), which is 15% of the difference between bets received and winnings paid out.


The online casino sector will be taxed on this principle starting in 2022. Initially, this rate was 10%, increasing to 15% from 2024, and starting in 2025, their profit tax will be 20% of GGR. Gambling Similar news Gambling 7 casinos closed in Georgia this year due to tax increases - Association 15:03 - 22.07.2024 Irakli Gharibashvili Important events in the Georgian economy last week 13:00 - 05.