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Favbet paid UAH 500 million in taxes in August

Favbet paid UAH 500 million in taxes in August

Photo: Favbet press service

The volume of tax payments was increased by more actively attracting new users and implementing a long-term development strategy in the Ukrainian market, the company said.

The Ukrainian company Favbet paid more than UAH 500 million in taxes to the state budget in August 2023.

“Thus, the company remains one of the largest taxpayers in Ukraine,” it said in a statement.

The volume of tax payments was increased by more actively attracting new users and implementing a long-term development strategy in the Ukrainian market, the company said.

“Ukraine’s gambling market is still in its infancy, so it is important for us to show by our own example that the industry is able to combine and serve national interests not only during growth, but also in times of challenges,” the message said.

Favbet reminds that today the company remains one of the two organizers of the Ukrainian gaming industry, which simultaneously offers users a licensed online casino and bookmaker services.

“In the first six months of 2023, the company transferred more than UAH 280 million to the state budget in the form of payments for the renewal of existing, as well as for new CRAIL licenses,” said by Favbet.

The company has also noticed an increase in participation in charitable and social projects, together with the Favbet Foundation.

“In the summer of this year, the company became a partner of UNITED24 and took part in several landmark initiatives of the fundraising platform of the President of Ukraine. drone and became the largest corporate donor to Operation Unity for the purchase of 10,000 FPV drones through providing UAH 10 million. The total amount of support for the Favbet army and with the help of the Favbet Foundation has reached UAH 150 million,” the company stressed.


PARTICIPATING IN GAMING CAN CAUSE GAMING DEPENDENCE. FOLLOW THE RULES (PRINCIPLES) OF RESPONSIBLE GAMBLING.

License to conduct activities for the organization and conduct of Internet casino games dated April 20, 2021, issued to BC FAVBET LLC based on Decision No. 137 of CRAIL dated April 5, 2021, as amended, and of betting activities dated 12/28/2022, issued to LLC “BC “FAVBET”” based on the Decision of CRAIL dated 12/13 /2022 No. 433.

Source: korrespondent

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