Latvia Decided to Replenish the Budget Through Gambling

The Saeima of Latvia has approved amendments to the laws on gambling. According to these changes, tax payments from online casinos will increase, and the share of budget revenues will rise. If earlier the percentage of revenues was 75% of the state budget and 25% of the municipalities, now 95% of tax revenues will be transferred to the state treasury.

In addition, gambling taxes will increase in Latvia. Operators offering games such as roulette, poker or dice will be required to transfer 28,000 euros annually to the state treasury. As for games related to gambling generators (for example, slot machines), the tax will increase to 5100 euros. Earlier, tax rates on gambling and games related to the random number generator were 23,400 euros and 4,100 euros, respectively.

Law company Law&Trust offers services for companies that plan to register online casinos in Latvia. The specialists of our company will tell you about all the features of local taxation, help to register and pay all the necessary taxes and fees.