Officials are blocking FAVBET’s tax payments

The state budget of Ukraine cannot receive over UAH 424 million in tax and licence payments from the industry’s largest taxpayer

The FAVBET group of companies reports that outgoing transactions on its bank accounts have been blocked, preventing the state budget from receiving more than UAH 424 million in tax and licence payments from the largest taxpayer in Ukraine’s legal iGaming sector.

In recent days, FAVBET’s partner banks received an unlawful demand from Danylo Hetmantsev, Chair of the Verkhovna Rada Committee on Finance, Tax and Customs Policy, ordering them to cease servicing the group’s transactions. This has resulted in a complete freeze of all outgoing payments, including taxes, contributions and other mandatory payments to the budget.

“We are facing a paradoxical situation: officials who publicly portray themselves as champions of tax discipline have, through their actions, blocked the ability of the industry’s largest taxpayer to transfer almost half a billion hryvnias to the state budget on time,” FAVBET said in a statement.

According to FAVBET, such actions not only undermine the confidence of international investors and strengthen the position of the illegal market in Ukraine, but also discredit the very idea of a transparent, licensed industry.

Over the first nine months of 2025, Ukraine’s legal iGaming sector paid around UAH 14 billion in taxes. Almost half of this amount, or UAH 6.4 billion, was contributed by the FAVBET group of companies. Due to the actions of certain officials, the state now risks losing tax revenues equivalent to the annual budgets of some regional centres of Ukraine.