![]() ![]() The PM, “Not Happy” About the Gambling Industry’s Turnover At the same time, the PM also mentioned an extra 300 million GEL ($110 million) expected from banks, leading to a grand total of 700 million GEL ($257.8 million) in additional income for the upcoming year. The new initiative which was also officially introduced to the public by the PM is expected to attract an additional 400 million GEL ($147 million) to the country’s budget in 2024. At the same time, the PM proposed that the withdrawal figure from gambling businesses, which is currently taxed at 2%, should also be raised to 5%. PM Gharibashvili has announced that the current 10% taxation rate applied to gambling businesses should be raised to 15%. ![]() The Tax Changes, Expected to Bring Extra Money to the Budget During a government meeting held last week, Georgia’s Prime Minister, Irakli Gharibashvili, announced his cabinet had submitted a fresh initiative to the parliamentary majority with regard to a series of changes in the way gambling businesses are being taxed. ![]()
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