Tag Archives: Taxation
Kenya – New taxation forces SportPesa out of Kenyan sports betting
New levels of taxation have forced sports betting company SportPesa out of Kenya. The Nairobi-based company warned that the new 20 per cent tax, up from ten per cent, will force a decline in revenues for the government and could force some parts of the industry underground. It described the regulatory landscape in Kenya as…
Argentina – Buenos Aires governor scraps tax on slot machine winnings
The governor of the province of Buenos Aires, MarÃa Eugenia Vidal, has suspended a gaming tax that was created in December last year. The resolution has been signed by the head of the Provincial Institute of Lottery and Casinos (IPLyC), MatÃas Lanusse, and proposes the end of the 3 per cent tax on the prizes…
Panama – Government scraps taxes on winnings in Panama
In order to attract foreign players to Panama, the government has announced plans to eliminate the controversial 5.5 per cent tax on gambling. Manuel Sánchez, of the Gaming Control Board (which in turn comes under the Ministry of Economy and Finance) said in a public statement that “the tax on the gaming tables was created…
Mexico – Mexico to consider proposal to increase gambling tax
Lawmakers from both the PAN party (The National Action Party) and the PES (Social Encounter Party) in the Chamber of Deputies have put forward reforms aimed at adjusting the collection of special taxes already imposed on casinos, through an initiative that will be analyzed in committees. The new move aims to modify the Law on…
UK – Tax from online gaming more than doubles in three years
HM Revenue & Customs has revealed that last year, it received £529m in UK Remote Gaming Duty. Income from online gaming provider profits has risen dramatically in the last three years, from £249m in 2015; an increase of £280m. It’s also expected to rise again in 2019, as the tax charged by HMRC on Remote…
Brazil – Senate 2014 gaming bill will go before plenary for debate
A gaming law which had been ruled out by a high powered committee will now be debated in the Senate. PLS 186/2014 has resurfaced once again after the Senator responsible for drafting the first version of the bill resubmitted it for consideration before the full house. Senator Ciro Noguiera first submitted the bill in 2014…
Portugal – Portuguese government mulls new online taxes
New taxes on online gambling are now being considered by the government, according to a report in local news portal Infocul.pt. The Portuguese government has set up a working group to analyse possible changes to the online gaming tax system. The group composed of six members, includes representatives from the Ministry of Finance, Economy, Labour,…
Sri Lanka – Sri Lankan casinos facing licensing, entry fees and taxation increases
Casino operators in Sri Lanka will be hit by a triple whammy with Finance Minister Mangala Samaraweera confirming that licensing fees, entry fees and taxation will all be increasing in the coming months. Sri Lanka is to increase its annual licence fee for casinos from LKR200m to LKR400m (US$2.2m). There will also be a turnover…
Mexico – New taxes on gambling proposed by Mexico’s new leftist majority party
Senators belonging to the left wing party the National Regeneration Movement (MORENA) will put forward an initiative to increase taxes on gambling and change online gambling rules. “The proposal includes a new tax regime for the organisation of games with bets and raffles, while promoting a growing industry in our country,” the party said in…
