Armenian lawmakers pass in final reading changes to Gambling Law

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27.04.2010, 21:41

Armenian lawmakers have passed today in the second and final reading a set of changes to the Law on Gambling and Casinos as well as a package of changes to the laws on state dues, fixed payments, VAT and income tax.

YEREVAN, April 27, /ARKA/. Armenian lawmakers have passed today in the second and final reading a set of changes to the Law on Gambling and Casinos as well as a package of changes to the laws on state dues, fixed payments, VAT and income tax.

According to a deputy finance minister Vartan Aramian, from 2013 January all casinos will be allowed to operate only in three communities of Kotayk, Gegharkunik and Vayots Dzor provinces, Tsakhkadozr, Sevan and Jermuk respectively. He said the changes are made to simplify the relevant legislation as well as to prompt gambling business to consolidate which will help step up control over their financial operations.

Particularly, the amount of the basic duty for organization of gambling games will rise from the current 5 million Drams to 50 million, for casinos it will grow from 25 million to 400 million Drams. The proposed changes eliminate fixed payments for tables and plying machines. Last year casinos paid 4 billion Drams in different taxes and duties. ($1 – 390.31 Drams). -0-

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