Latvian Lawmakers OK Gaming Tax Increase

Latvian lawmakers last month approved a plan to raise taxes on gaming. Starting in 2020, the annual tax on gaming will rise from €23,400 euros per table to €28,080 (US$31,211).

The Latvian parliament has approved a plan to raise taxes on gaming. income. Starting in January, the annual tax on tables (roulette, cards, and dice) will go up to €28,080 (US$31,211) from €23,400 per table.

The annual tax per slot machine will rise to €5,172 from €4,164, according to the draft amendments that passed a first reading on October 30.

Under the new legislation, 90 percent of revenues generated from the taxes will go to the central government budget and 10 percent to the host municipalities.