Latvia Gambling Body Warns Tax Hike Proposal
 Highlights
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The Latvia trade body warns that the government’s tax increase can be counterproductive, leading to a decline in tax revenue.
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The LLAB association also strongly opposed the forecast claim made by the government, stating it to be unrealistic and misleading.
The Association of Licensed Gambling Operators in Latvia (LLAB) condemns the government’s plans to raise the gambling tax, which can lead to the downfall of over 20 gambling venues, 10 card or roulette tables in the country.
It was in September that the governing officials to bring forward the planned gambling tax increases by 12 months, with a new timeline set to be 1st Jan 2026.Â
The new tax hike meant that there will be a tax increase from 12% to 15% on interactive gambling and 15-18% on telephone-based betting, respectively. Annual taxes from gaming machines are set to rise from €6,204 to €7,440.Â
While the roulette card and the crap table are estimated to collect €33,696 to €40,440 per year, the Ministry of Finance was confident that this move could bring an additional €9.2 million.Â
However, LLAB contradicted the statement that a higher tax rate will only result in a financial deficit of €2.5 million.
For full news story, Read Here!
It was in September that the governing officials to bring forward the planned gambling tax increases by 12 months, with a new timeline set to be 1st Jan 2026.Â
The new tax hike meant that there will be a tax increase from 12% to 15% on interactive gambling and 15-18% on telephone-based betting, respectively. Annual taxes from gaming machines are set to rise from €6,204 to €7,440.Â
While the roulette card and the crap table are estimated to collect €33,696 to €40,440 per year, the Ministry of Finance was confident that this move could bring an additional €9.2 million.Â
However, LLAB contradicted the statement that a higher tax rate will only result in a financial deficit of €2.5 million.
For full news story, Read Here!
