Pandemic in Belarus the state will support the gambling industry

 In article

Belarus has developed a package of measures to support the economy in view of the negative impact of the pandemic coronavirus. Gaming operators have also been mentioned in this context, however, is not so simple. The situation was commented on by representatives of the company 1 Ante.

 About that, what will it be business support, inform the Ministry of Taxes and Levies of the country.

 Main relief due to the presence of a delay and subsequent installment payment of tax credits. In this case, it refers to those tax deductions, which are fully transferred to the address of the regional budgets. Relief does in respect of taxes which should have been collected in the period from April 1 to September 30 this year.

 It became known that the company can pay off the tax debt in the period from October 1 until the end of the year. Contributions must be paid in equal installments on a monthly basis.

 At the same time there is a further list of industries, who are covered by the decree. It is significant that the gambling business in their number is not indicated. In this case, the Ministry noted that the company, including gambling, can apply to the local authorities provided that they carry out an economic activity in the list.

 By the way, to remind the presence of the self-exclusion program launch quarantine Belarusian players. Read more about it – in the material.

 “Note also that the tax on gambling is fully paid to the address of local budgets, and the support measures could also be implemented by the executive authorities at the local level. To this end, the taxpayer must submit a special statement. Grounds for review by the tax defined in Chapter 5 of the Tax Code. The order of payment is to be developed by local authorities, “- representatives of the company have provided explanations 1Ante.

 1Ante expert also added that regional and local authorities granted the right to make decisions regarding the reduction of taxes for certain categories of taxpayers. This refers to the property tax and land rent.

 Local authorities can set preferences indicated above in relation to groups of taxpayers, some of them at their own discretion.

 Thus, representatives of the gambling companies may apply to the competent authorities, providing the rationale for their inclusion in the list of industries, which include preferences.

 We recall that at the end of last year it was reported that the number of visitors decreased Belarusian casino. What are the causes and consequences of what happened – read in a separate article.

 See also: Overview of the market for gambling – the crisis and the pressure on the sector

 See also: https://getcasinoslots.com/free-online-slots/royal-gardens-online-slot/ Casino News today

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