VATupdate

Share this post on

Are Lottery Ticket Issuance and Circulation Subject to VAT? Tax Authorities Clarify

  • The issuance and circulation of lottery tickets are not subject to VAT.
  • Operations involving the issuance, circulation, and redemption of lottery tickets and similar documents are not VAT taxable.
  • The purchase of chips, tokens, and other payments for participation in gambling, as well as the payment of winnings, are also not subject to VAT.
  • Currency transactions (with some exceptions) are not subject to VAT.

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.



Sponsors:

Pincvision

Advertisements:

  • Pincvision