Starting from 2020, gambling games and sweepstakes in Armenia will be  taken overboard for a reduced life

ArmInfo.From January 1, 2020, Armenia will switch to a new taxation system for organizing and conducting gambling (including games on the Internet) and sweepstakes  (Internet sweepstakes).

Deputy Minister of Finance of Armenia Arman Poghosyan announced this on December 4 at a meeting with journalists.  Today, as the deputy minister pointed out, the field is paying a fixed tax in the form of a patent tax or state fee.

But, if previously there were no appropriate tools for controlling the turnover in the area, today there are necessary solutions, including technical ones, through which one can assess the real scale of income generated in the area. In addition, Armenia plans from January 1, 2020 to completely abandon the patent tax.

With this in mind, as Poghosyan explained, the Ministry of Finance  proposes a transition to a tax system based on results. In  particular, it is envisaged to tax the gambling business with a  fairer tax - income tax.  The government also plans to revise the  principles of taxation of gains in the framework of this activity,  finding that personal incomes are subject to income tax, and the  organizer of gambling as a tax agent is responsible for calculating  and calculating income tax.  To note earlier the Ministry of Finance  of Armenia stated that as a result of various tax benefits, the  annual tax losses of the state treasury are estimated at 442 billion  drams.