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Japan – Japanese casino tax could hit 50 per cent of GGR

By - 21 February 2018

Gaming taxation could be as high as 50 per cent of GGR according to reports of discussions taking between the ruling Liberal Democratic Party and Komeito who want a detailed tax rate to be included in draft legislation to be presented to the Diet.

The IR Implementation Bill is expected to be presented during the June 2018 ordinary Diet session.

The proposed tax rate would start at 30 per cent for operators with annual revenue of up to ¥300bn (US$2.8bn), increasing to 40 per cent for revenue between ¥300bn and ¥400bn (US$3.7bn) and to 50 per cent for revenue between ¥400bn and ¥500bn (US$4.7bn).

Another suggestion has been an entry fee for locals of ¥2k (US$18.50). Other proposals currently being discussed include limiting the foot print of the gaming floor within any integrated resort to three per cent of total floor space with a cap of 15,000 square meters. Politicians are also debating how best to limit the number of visits by locals to 10 times a month and to three times a week with a government-issued My Number identity card complete with an embedded IC chip.

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