Initiated from 1 July 2025, the new tax code will apply a 10% turnover tax on the gambling activities of casinos, online games, sports betting, lotteries and totalizers.
A further tax burden will be applied from 1 April 2025, as the licence fees of Armenian-licensed online gambling and sports betting businesses will double, with a commitment to “increase fees annually” until the government establishes a new authority to regulate Armenia’s gambling sector.
The radical overhaul of Armenia’s tax code on gambling was designed by MP Hayk Sargsyan of the Civil Contract Party, with a view to raising AMD 13bn (circa €32m) in state funds.
Hayk Sargsyan: Civil Contract
Long journey to tax settlements
In previous deliberations, the Ministry of Finance had opposed the tax increases, arguing that they could destabilise the industry a..