Profile articles

Gambling is an industry of games of chance that includes both land-based casinos and lotteries, as well as online betting and gaming platforms. Over the past decades, gambling has undergone significant transformations — from traditional leisure in casinos to high-tech online entertainment accessible from anywhere in the world.

Ongoing legislative updates force companies to adapt quickly, review their strategies, and adjust financial planning. Not long ago, we informed you about the planned introduction of a “security tax,” which was expected to significantly impact Estonia’s taxation system. However, the government has reconsidered, and that reform has been canceled.

On 30 October 2024, the UK government announced sweeping changes to the tax system, which will come into effect from 6 April 2025.

In this article, we will examine the key features of US taxation, including main tax requirements, types and levels of taxes, as well as taxation specifics for resident and non-resident individuals, which will help effectively plan expenses and avoid tax risks.

Starting from 2025, Estonia is introducing significant changes to tax legislation that cover various aspects of doing business, from tax rates to income declaration rules and cooperation with international jurisdictions. These innovations are aimed at strengthening financial discipline, increasing tax revenues, and harmonizing legislation with EU norms.

As of September 1, 2024, the Seychelles has implemented the Virtual Asset Service Providers Act, 2024 (VASP Act), regulating the activities of companies providing virtual asset services. This legislation represents a significant shift in Seychelles' approach to regulating the crypto industry, requiring companies in this space to obtain licenses for lawful operation. The Act establishes rules, criteria, and requirements for all license holders, as well as sanctions for violations.