Seimas up taxes for lotteries, gambling businesses

The Seimas of Lithuania has decided to increase taxes for remote and land-based gambling and lottery businesses after 76 lawmakers voted in favor of the proposed amendments to the Law on Lottery and gambling Tax, three were against and 27 abstained.

As of July 2020, remote and land-based gambling and lottery businesses will have to pay a 20 percent tax rate and lottery companies will have to pay 18 percent in tac as of January, 2023.

The tax rate for gambling companies will be calculated based on their gross gambling revenue. And that for lotteries will be based on the nominal value of sold lottery tickets.

Currently, lottery organizers pay 5 percent from the value of sold tickets and also allocate another 8 percent directly to support receivers.