Ukraine’s gambling industry pays 12 billion hryvnays in taxes over last 8 months
Source: Forbes UA
Ukraine’s gambling sector has paid 11.7 billion hryvnias in taxes to the state budget in the first eight months of 2024, marking a 2.1-fold increase compared to the same period in 2023, according to the State Tax Service.
For context, the gambling industry contributed 10.4 billion hryvnias in 2023, a figure that was 51 times higher than pre-war levels in 2021. Compared to 2022, tax revenues from the sector have surged by 14 times.
In the first half of 2024 alone, the gambling sector paid 8.4 billion hryvnias to the budget, almost tripling last year’s figures. One of the largest contributors was Favbet, which paid over 3.1 billion hryvnias in taxes in the first six months of 2024.
Amendments to Ukraine’s enforcement proceedings legislation, initiated by the Ministry of Justice of Ukraine, have entered into force. Among other measures, the reform provides for the automated lifting of attachments on bank accounts immediately after debts in enforcement proceedings have been fully settled. The main practical benefit for citizens is the complete elimination of the need to contact an enforcement officer in person and wait for paper decisions once the debt has been paid.
The 157th Separate Mechanized Brigade has received another batch of supplies as part of Rinat Akhmetov’s Steel Front military initiative. This time, the military received seven quad bikes and four mobile shower and bath units.
In my previous column, I wrote about social innovations in Ukraine. Those innovations are part of civic resilience and the democratization of security, which Europe is paying close attention to right now. The EU is trying to work out how to spread responsibility for its own security across society as a whole, rather than leaving it to institutions alone. It is looking for concrete ways to bring ordinary people into the work of defense and resistance.
Petro Poroshenko’s lawyers have appealed to the High Anti-Corruption Court demanding that NABU be obligated to register proceedings regarding the fact of exerting influence on the court and to recognize Petro Poroshenko as a victim in the case of the Deputy Head of the Office of the President, Iryna Mudra, due to her pressure on Supreme Court judges who were considering a lawsuit to overturn sanctions.
Internationally recognized brands and financial institutions should direct capital to Ukraine now, not waiting for the hostilities to end. This was emphasized by Rinat Akhmetov, president of FC Shakhtar, during a working visit to UEFA headquarters in Nyon, Switzerland, where he met with UEFA President Aleksander Čeferin.