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India – Goa casino Director calls for three-year tax break

By - 9 June 2020

The director of Casino Pride Goa, one of Goa’s largest floating casinos, wants a three year tax holiday and a six-month waiver on interest charges approved by the government, to allow the casino sector a chance of survival following the coronavirus pandemic

All of Goa’s casinos, including its six floating casinos on the Mandovi River, have been shuttered since March 15 with no announcements yer regarding their reopening/

In a letter to the Goa government, Shrinivas Naik, Director of Casino Pride Goa, said: “In order to reduce overall cost of operation and increase funds for disposal in the hands of the industry, the government should provide tax holidays … for at least three years beginning from FY2020-21. The government should allow the industry to pay minimum sustenance allowance to its employees during lockdown period and post lockdown period of six months.”

he also wants stipulations introduced to make any employees who have taken a salary during lockdown to stay with their employer for at least six months until April 2021 as well as a waiver on interest payments on business loans, no charge on electricity for six months and no charge for the internet.

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