Czech lower house gives final approval to raising tax on gambling

Czech Republic is moving closer towards raising thetax on gambling in the country.

On Wednesday, the lower house gave its final endorsement to the bill that will increase the taxes on gambling companies starting next year, Reuters reported.

Under the bill, tax on slot machines will increase from 28 percent to 35 percent, while all sports betting or lotteries will be taxed at 23 percent. This tax is separate from the regular corporate tax rate of 19 percent that gambling operators in the country are required to pay, according to the report.

The tax bill will now go through the upper chamber of the Parliament before landing on the president’s lap for signing.