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Lottery Ticket Issuance, Circulation, and Redemption Not Subject to VAT Taxation

  • The issuance, circulation, and redemption of lottery tickets are not subject to VAT.
  • Operations involving currency valuables, acquisition of gambling chips or tokens, and making bets are also not subject to VAT.
  • Payment of winnings and monetary rewards is not subject to VAT.
  • These provisions are based on subparagraph 196.1.4 of the Tax Code of Ukraine.

Source: news.dtkt.ua

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.



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