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Georgia Increases Taxation of Income from Games of Chance

|Approved Changes|Georgia
Georgia

Georgia has reportedly introduced changes regarding the taxation of income from games of chance with effect from 1 January 2024. This includes an increase in the tax rate on income from the organization of electronic (online) gambling from 10% to 15%. Further, the exemption for income received from slot machines is repealed, with such income subject to tax at the rate of 15% on the difference between total bets received and gains (winnings) paid out, with declarations and payments required on…

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