Significant changes were made to the Law of Georgia "On Organising of Lotteries, Games of Chance and Other Prize Games" and the "Tax Code of Georgia“.
Gaming and tax changes will come into effect on December 1, 2024.
With 1 permission to organize casino games in a system-electronic form, it is allowed to organize no more than 2 websites under the name of Internet domains.
In the presence of 2 Internet domains and websites, 1 Internet domain and website should be used for players with Georgian citizenship, and the second one for players with foreign citizenship.
In the case of organizing a website under the name of only 1 internet domain, it can be used only for players with Georgian citizenship, or only for players with foreign citizenship, or both for players with Georgian citizenship and for players with foreign citizenship.
The same principle applies in the case of organization of games of slot in system-electronic form and organization of games of betting in system-electronic form.
To obtain a permit in Georgia, the permit seeker must submit to the Revenue Service the actual address on the territory of Georgia, from where the prize games will be managed and organized, as well as the location (address) of the server infrastructure in the territory of Georgia.
Organizers will be taxed at different rates, depending on whether the taxable income is received from citizens of Georgia or from foreign citizens.
Taxable income received by a natural person from setting up a slotting club and/or organizing games of chance in system-electronic form is taxed at 15%.
Taxable income received because of participation of foreign citizens in system-electronically organized games of chance and/or system-electronically organized betting games is taxed at 5%.
If you need help in getting a gambling license in Georgia, we are ready to assist your application process. Our law firm provides full support in going through the legal requirements and prepares everything for a smooth application process. For comprehensive legal services and guidance, please contact us.
