Wednesday, March 22, 2023

Tag: taxation

Kenya: Betting wins tax battle, but president recommends war

Kenya betting tax battle
After a mid-month victory for betting operators with the overturning of a 20 percent tax stakes, a new threat has emerged to Kenya’s gambling industry: a..

Government does a partial U-turn on casino entry fee plans

Sri Lankan government partial uturn
The Sri Lankan government appears to be backtracking on plans to introduce an entry fee for casino patrons. Last month, the government announced several..

Colombia’s gaming industry calls upon government to address tax concerns

TAXATION, Colombia, tax, gaming
Speaking at the second edition of Gaming Market Colombia this October, Evert Montero Cárdenas, president of trade body Fecoljuegos, called on the government and the regulator to take a fresh look at the current tax rate for gaming operators. “We urgently need to revise and consider a tax rate to help this business to become both more competitive...

Sales tax not without our say so, say North Dakota tribes

North Dakota Tribes, Tax
Prominent North Dakota tribal leaders are opposing draft legislation permitting them to level the state’s sales tax - on the grounds that tribal casinos would not be exempt. An attempt to bring North Dakota’s American Indian reservations into the state’s taxation framework is being resisted by leading tribal representatives - who protest that the draft legislation should exempt their casinos. A...

Ireland’s tax agency continues crackdown on casinos

The Revenue Commissioners is in the midst of a crackdown on tax and licensing non-compliance in the gaming sector, as Dublin’s casino operators continue to face uncertainty due to the lack of a clear legislative framework for the industry. The Revenue Commissioners - the Irish Government agency responsible for taxation - began a crackdown on the gaming sector last year,...

EiG taxation and regulation panel asks what’s next for Europe?

BBi - EiG jurisdictional taxation Europe
Delegates attending the forthcoming EiG (Arena Berlin: 30 October – 1 November) will be given direct access to a panel of gaming experts and regulators who will be providing their analysis of changes to the taxation and licensing landscape across key European jurisdictions including the Czech Republic, Denmark, France, Italy, Malta, Poland and Romania.   The influential EiG panel, moderated by...

Tough talk from Kenya’s operators over gambling tax hike

Casino Review
Kenya’s proposed tax hike on all gambling revenue has been met with a backlash from the industry, but no operator has vowed to leave the country - yet.   On 21 June, Kenya’s president Uhuru Kenyatta signed into law a tax hike of 35 percent on gambling revenues as part of the country’s Finance Bill, a significant increase compared with the...

Latvia’s operators facing 30 percent tax hike

As part of its ongoing crackdown on gaming, Latvia’s Finance Ministry has announced that it intends to increase gaming tax by nearly one-third next year.
As part of its ongoing crackdown on gaming, Latvia’s Finance Ministry has announced that it intends to increase gaming tax by nearly one-third next year. According to reports in local media, the proposals to hike gambling taxes by 30 percent form part of Latvia’s ongoing tax reform plans. The Finance Ministry is seeking to boost the annual tax on electronic...

Puerto Rican single sites face tax hike

single site machines
Puerto Rico’s government has proposed an increase in licensing costs for single site machines as part of a package of financial initiatives in support of the territory’s budget. The revenue projection underpinning the budget for the next fiscal year suggests that the government is looking to raise $60m by increasing in the cost of gaming machine licences for single site...