Government Wants to Levy Higher Tax on Gambling
PRAGUE, Czech Republic (February 27, 2023) — The government is planning to levy a higher tax on gambling, Finance Minister Zbyněk Stanjura told Czech Television. The government is looking to boost revenues and improve the state of public finances and is considering a number of tax hikes.
According to Stanjura, the government aims to reduce next year’s budget deficit by CZK 70 billion, of which two-thirds would be by cutting expenditures and one-third by increasing revenues. Presently the state collects around nine billion crowns annually from gambling. The VAT on alcohol is also expected to go up.
SOURCE: Radio Prague International.Tags: gambling, Czech Republic, Tax