Armenia government set to increase gambling turnover tax to 10%

Raising taxes on the gambling industry was mentioned on the Armenian Standing Committee on Economic Affairs meeting.

The draft regulation, which changed into a proposal with the aid of an Armenian MP, would impose a 10% turnover tax on gambling organizations similarly to the cutting-edge taxes and duties.

He emphasized that even as the degree of betting improved extensively between 2010 and 2023—via over 440 times, according to statistics—taxes and duties accrued were multiplied by means of 26 instances in the course of that period

 

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The Armenian Standing Committee on Economic Affairs recently discussed raising taxes on the gambling industry. A proposed draft regulation suggests imposing a 10% turnover tax in addition to current taxes and duties. The proposal highlights a significant increase in betting activity, which grew by over 440 times from 2010 to 2023, while tax revenue only increased 26 times during the same period. The measure aims to address this imbalance and generate greater revenue from the gambling sector.