GAMBLING TAXATION

Tax payers

• Tax payers of gambling taxation are legal entities and representative offices of foreign legal entities and individual entrepreneurs engaged in business activities in the field of gambling.

Object of taxation• In accordance with article 308 of the tax code

of RT the following subject to taxation for the on gambling:

Game tableTotalizatorGaming machine without monetary gamePlay trackPool tableOrganization of bingoRelease sale of lottery tickets, etc.

• Other objects of gambling defined by local authorities to generate income.

Tax rate

• The sum of tax on gambling business for the tax period regardless of the size of the revenue should not be less than maximum amount of payment for each unit of a patent in consultation with local government authority

Exemptions

• Gambling taxation regime provide these exemptions:

Corporate profit taxPersonal income taxVATTax road users

task

• Baror limited exploits 6 pool tables and 10 game machines which favela them rents on Oftobak Ltd. Determine the object of taxation for Baror Ltd.

• Answer • Objects of gambling taxation for Baror Ltd. Are

5 pool tables and 10 game machines

Task 2

• Burda Ltd, purchased 8 pool tables and used from 1st of January 2013. three of pool tables did not used since 15th of January 30th. Per one table tax rate is equal to 500 somoni per month.

Task 3

• Parvina Ltd exploits 20 gaming machines. All mahines where operations during 12 months. Tax rate for gaming machines is equal to 600 somoni. Besides Parvina Ltd. Produce cakes. The volume of cooked cakes are equal to 400000 somoni. Determine the amount of gambling tax and simplified tax system.