Finance Ministry wants to double gaming taxes

The Czech finance ministry wants to raise taxes on gambling to almost double the amount it collects from the industry at present. Companies currently pay the standard 19 percent corporate tax rate plus an additional sector tax of 20 percent of winnings. The finance ministry is proposing to raise the gambling tax to 40 percent as of 2016. The annual payment for one gaming machine will go up from the current 20,000 to 40,000 crowns.