Legislation
Chile – Lawmakers instructed to move forward with online gambling bill
By James - 19 June 2023
The Ministry of Finance has announced more measures which will be added to the online gambling bill including changes to the proposed tax rate. The announcement comes after the Economic Commission of the Chamber of Deputies approved online gambling bill 035/2022 earlier this month.
The project is undergoing further debate in the commission which has been told by the government to move forward with the issue. A technical table will be created to address some of the most pressing issues. The project intends to put in place a 20% tax on GGR (the same that applies to physical casinos to online platforms). The measure will be put to a vote this week in the Finance Commission of the Chamber of Deputies.
Last week, the Government incorporated the collection of VAT (Value Added Tax) in the legislative proposal. Lawmakers who support the initiative argue that the sector has grown generating more than US$180 million per year and is not paying taxes amounting to more than US$70 million per year.
Online gaming and sports betting platforms will have to act under the .cl domain and comply with international technical security and transparency standards. Both the bidding process and all subsequent monitoring and control will come under the responsibility of the Superintendency of Gaming Casinos (SCJ), which will issue strict rules for responsible gaming measures and player protection measures. It will also review the companies who wish to offer online gambling in Chile.
