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Tax paid to the budget by the gambling business

Tax paid to the budget by the gambling business

10 Nov, 2021

The gambling business fee is a mandatory payment to the municipal budget set in accordance with the political and economic interests of the state. Gambling business fee payers are persons who engage in entrepreneurial activities through lotteries, gambling and winning games, and such activities are subject to permit regulation in accordance with the legislation of Georgia.

The gambling business is quite well developed in Georgia and is an important contributor to the country's economy. Taxes (income, VAT, profit) and taxes paid to the state budget by companies involved in this sector will reach 350 million GEL in 2020. Which is more than 4% of the country's consolidated budget revenues.

In addition, gambling business fee revenue is a significant part of the revenue of many cities and municipalities. For example, in recent years, gambling business fees for 6 large cities in Georgia and Kazbegi municipalities have averaged more than 24% of their own revenues.

Here are detailed statistics on the taxes paid to the budget by the gambling business by years:

  • In 2017 - 331 457 918 GEL
  • In 2018 - 388 734 338 GEL
  • In 2019 - 415 787 649 GEL
  • In 2020 - 349 561 332 GEL
PDF

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Statistics of employees in the gaming business sector of Georgia according to the data of 2024

23 Oct, 2024

Statistics of employees in the gaming business sector of Georgia according to the data of 2024
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Turnover and income of enterprises engaged in the gambling business

11 Nov, 2021

Turnover and income of enterprises engaged in the gambling business
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Statistics of employees in the gambling business sector of Georgia

06 Jul, 2021

Statistics of employees in the gambling business sector of Georgia
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