SectorWire
SearchGet the daily briefing
Menu

Chile government proposes 22% tax on online gambling revenue

Regulation

Chile’s government has proposed a 22% tax on online gambling revenue as part of amendments to legislation, according to a Senate bulletin described in the report. The proposal comprises 19% VAT and an additional 3% tax on the difference between stakes received and winnings paid; the Senate Economy Committee began reviewing the amendments on 27 October.

If adopted, the proposed tax and advertising restrictions would affect licensed operators’ costs and marketing activity in Chile.

Request a correction

Keep reading

Regulation

Merola proposes higher gambling tax to fund fuel support measures

Virginio Merola, a deputy of Italy's PD-IDP, proposed financing economic support measures in the fuel decree by raising taxes on gambling. Speaking during the parliamentary debate on 21 October, he said he shared the aims of an amendment by fellow deputy Sottanelli but favoured a different funding method.

Virginio Merola, a deputy of Italy's PD-IDP, proposed funding the economic support measures in the fuel decree by raising taxes on gambling. He made the proposal during the parliamentary debate on 21 October on the decree-law containing urgent provisions for economic support and for containing the effects of the continuing rise in fuel costs, as well as on tax matters.

Continue reading