Irakli Garibashvili Announces Decision To Increase Taxes On Gambling Business

Irakli Garibashvili, Prime Minister of Georgia, at a government meeting, said: The profit tax of the gambling business will be increased from 10 to 15%, while the cash withdrawal tax will be 5% instead of 2%».

Irakli Garibashvili noted that these changes will add another 400 million lari to the budget. 

The Prime Minister said that the turnover of the gambling business has increased, despite the introduction of new regulations.

«We see that a lot of citizens are involved in the gambling business. We have decided to increase taxation of this business, which will mean an increase of GEL 400 million next year in terms of collections to the state budget. In total, the revised version of the budget will increase by 700 million, and the combined budget will amount to GEL 28 billion 500 million. This will be the 2024 state budget.»

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