Connect with us
SOFTSWISS

Eastern Europe

Ukraine to Offer Lowest GGR Taxes in Europe

Published

on

Reading Time: < 1 minute

 

The Ukrainian Parliament adopted at its first reading the draft law №2713-d “On Amendments to the Tax Code of Ukraine and Other Laws of Ukraine on Taxation of Income for Gambling Operators”.

The bill is aimed at balancing royalties and the tax burden for the gambling market, which will help attract investment to Ukraine and fight the illegal market.

It is proposed to set the GGR tax in Ukraine for online casinos and Internet poker at 10% (now it is 30%), for land-based casinos and slot machines – 12.5%, for bookmaking – 5%, lotteries – 10%. In addition, operators will pay also income tax at a general rate of 18%.

The second reading of the draft law is planned for this autumn. The amendments will also provide for tax-free winnings up to 48 thousand UAH (about 1500EUR).

Compliance Updates

German Gambling Regulator Appoints Ronald Benter and Benjamin Schwanke as its Leading Executives

Published

on

Reading Time: < 1 minute

 

Germany’s new gambling regulator, the Glücksspielbehörde, has detailed its ambition to pursue a dual leadership strategy, appointing Ronald Benter and Benjamin Schwanke as its leading executives.

The Glücksspielbehörde’s dual leadership strategy will see Benter and Schwanke jointly coordinate the organisation’s oversight and activities, with the commission aiming to amass around 110 employees and begin taking full supervisory responsibility of the German market by July 2022.

Prior to joining the regulator, Benter worked for the Ministry of the Interior of the north German state of Schleswig-Holstein – the first state to have moved forward with online betting and gaming – leading and overseeing the regional gaming and municipal business law department.

“Our task for the next one and a half years is initially to set up the authority in such a way that it is able to act,” Benter said.

Schwanke is a previous member of the EU Gambling Expert Group, and most recently held the position of Head of the Hamburg Gambling Authority as part of the city’s Interior and Sports Authority.

Continue Reading

Eastern Europe

Synot Games Expands Its Presence in Romania

Published

on

Synot Games Expands Its Presence in Romania
Reading Time: < 1 minute

 

SYNOT Games has announced a strategic partnership deal with Favbet and continues to expand its presence in the Romanian market.

This deal earned Favbet access to the SYNOT Games offer, including slots from fruity classic to the newest titles and top performers such as Book of Secrets, Monkey Slots, Respin Joker, and others which are already e available to the Romanian players.

“We are pleased to have another strong operator, such as Favbet, providing our games in the market. It’s a great achievement to see that more players will now be able to enjoy our ever-expanding range of engaging and exciting games. And we are looking forward to see our player base in Romania grow, ” Martina Hrabinska, CCO at SYNOT Games.

„We are pleased about the partnership with SYNOT Games. Our players in Romania can now enjoy the engaging SYNOT portfolio, which will complete our offer with exciting games with a fresh mixture of graphics and sound,“ Serghei Burbulea, CEO at FAVBET ROMANIA.

Continue Reading

Eastern Europe

Business and government synergy to officially represent Ukraine at the Web Summit

Published

on

Business and government synergy to officially represent Ukraine at the Web Summit
Reading Time: 2 minutes

 

For the first time in history, Ukraine will host a pavilion at Web Summit, the world’s largest tech conference. The pavilion will feature startups, IT service companies, foundations, and innovations. The organizers are giving a special presentation within the official Web Summit program along with a Ukrainian dinner. On November 2, some of the country’s best-known companies will be showcasing the Ukrainian technological ecosystem.

Today, Ukraine’s IT industry is booming, growing five times faster (25%) than the global average (4-6%). Here are some impressive numbers:

● 5,000 IT companies
● 250,000 developers
● Five unicorns
● Ukrainian startups raised $2 billion in VC investments in 6 years
● By 2025, the industry is projected to generate $10 billion

“Ukrainians are known worldwide for their IT skills and creativity. As the government is introducing a special legal framework for IT companies — Diia City — we expect further development of Ukraine as a European hub for innovation and R&D. Ukraine’s participation in Web Summit 2021 became possible thanks to the joint efforts of the Ukrainian government and the private sector,” says Dmytro Senik, Deputy Foreign Minister of Ukraine, Chief Digital Transformation Officer.

The Ukrainian presence was made possible thanks to the combined efforts of the co-organizers — the Ukrainian Startup Fund, the Ministry of Digital Transformation, Ministry of Foreign Affairs, Embassy of Ukraine in Portugal, Sigma Software Group, Ukrainian Hub, Еuropean Business Association, and iplace digital agency — with partners Digital Future, Kyivstar, Parimatch Tech, Rocket, Fondy, Avenga, ISSP, Concord Fintech Solutions, UNIT.City, and IT EDUCATION DEVELOPMENT.

“As an international product company with Ukrainian roots, we support government initiatives to build up and develop technical expertise in the country. Our largest development center, located in Kyiv, monitors the trends in the world of technology and, whenever possible, applies them to our products, thereby raising the level of Ukrainian engineers. We are grateful to our partners and the state for the opportunity to be involved in the demonstration of Ukrainian technical expertise to the whole world,” commented Maksym Liashko, co-CEO of Parimatch Tech.

Parimatch Tech develops the Ukrainian IT market as an employer and organizer of hackathons, international conferences, and projects such as Parimatch Tech Academy — a free educational project where practicing engineers train specialists for the growing Ukrainian IT market. Star students receive job offers from Parimatch Tech or glowing recommendations when applying to other companies.

Continue Reading
Advertisement
NSoft
Advertisement
EvoPlay
Advertisement
Kasyno Online na HEX Polska

Subscribe to our News via Email

Enter your email address to subscribe to our news and receive notifications of new posts by email.

Trending

Notice for AdBlock users

We are constantly showing banners about important news regarding events and product launches. Please turn AdBlock off in order to see these areas.