Czech Government to increase gambling taxes

Czech Government to increase gambling taxes

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According to reports on Czech television, the country’s government is planning to levy a higher tax on gambling.

Finance Minister, Zbyněk Stanjura, explained that the government is looking to boost revenues and improve the state of public finances and is considering a number of tax rises.

According to Mr. Stanjura, the government aims to reduce next year’s budget deficit by CZK70bn, of which two-thirds of which will be achieved by reducing expenditure.

The state currently collects around CZK9bn from gambling each year.