Draft law proposes tax increase on online gambling and lottery in Estonia
Estonia's Ministry of Finance proposes a phased tax hike on online gambling, casino games, and lottery to generate additional revenue
The Ministry of Finance in Estonia has submitted a draft law recommending the increase of taxes on online gambling, casino games and lottery.
The bill aims to enter force on January 1, 2024, and seeks to generate an extra €8m in 2024 and 2025, €12m in 2026, and €13m in 2027.
The new proposal notes the rapid growth of online casino revenue, which rose by 260% in the last two years, according to the Estonian Tax and Customs Board.
To help provide tax exemptions on pensions, the government plans to increase taxes on alcohol and tobacco and set the level of tax-free income at €700 per month.
Prime Minister Kaja Kallas is leading a new centrist coalition that plans to revise Estonia’s gambling laws this year, including a potential ban on gambling adverts.