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Lagos gaming authority applies 5% withholding tax to online winnings

Regulation

The Lagos State Lotteries and Gaming Authority said a 5% withholding tax now applies to net winnings on all online platforms licensed in Lagos. Operators must deduct the levy when paying winnings and transfer it to the Lagos State Internal Revenue Service; the measure has taken effect.

Lagos-licensed operators must deduct and remit 5% of players’ net winnings at payout.

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Regulation

Buenos Aires province applies 2% tax to online slot winnings

Buenos Aires province will withhold 2% from winnings on online instant-resolution games, Government Minister Carlos Bianco said. The measure covers seven licensed platforms, which must file weekly declarations; the province estimates monthly receipts of ARS 35bn to ARS 40bn. The provincial government said proceeds will support health, education, social development and gambling-harm prevention programmes.

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