Tax
Sweden’s Government Proposes Increased Gambling Tax
SWEDEN (September 20, 2023) — Sweden’s government has today Wednesday proposed an increase in the gambling tax, from 18 percent of GGR to 22 percent of GGR. The reason, according to the gov...
Bill Cutting Stock Transaction Tax Will Also Lower Tax on Lotteries
MANILA, Philippines (September 14, 2023) — According to local media reports the proposed amendments to the Capital Markets Efficiency Promotion Act aims to lower taxes on lottery winnings an...
Tabcorp Announced Today That it Has Resolved a Dispute with the ATO in Relation to Tax Treatment for Various Licences
SYDNEY (September 12, 2023) — Tabcorp Holdings Limited (Tabcorp) announced today that it has resolved a dispute with the Australian Taxation Office (ATO) in relation to the income tax treatme...
Online Games of Chance vs Games of Skill: What Supreme Court Staying Karnataka High Court Order Means
Essentially, the SC stay indicates that online skill games played for stakes are at par with online gambling when it comes to matters of taxation, as of now. New Delhi, India (September 10, 2023) &...
Differential Tax Treatment Between Skill and Chance-Based Games Could See Online Gaming Companies Face Hefty 28% GST Levy
Kerala, India (August 19, 2023) –It appears that the online gaming companies in India are facing a significant tax demand of Rs 45,000 crores following the implementation of a 28% Goods and S...
NSW Government Overhauls Tax Regime for Star Casino
SYDNEY, NSW, Australia (August 11, 2023) — The Minns Labor Government will overhaul the former government’s changes to casino taxes to prevent The Star Sydney turning into an unviable opera...
Cabinet Okays Bill to Bring Clarity on 28% GST Rate for Online Gaming, Casinos, Horse Racing
Path cleared for introduction of bill in current session of Parliament New Delhi, India (August 9, 2023) — According to a local media outlet the Union Cabinet on Wednesday cleared a bill to a...
Gaming Companies Will Need to Put in Place Interim Measures Until the Courts Reach a Decision on the Tax Rates and Value
INDIA (July 25, 2023) — It appears that the online gaming sector will certainly go through a disruption and the gaming platforms will have to modify their business models and look at avenues ...
GST Council may Propose Block on Gaming Services that Flout Tax Laws
New Delhi, India (July 31, 20023) — On Wednesday, the Council will consider necessary changes in laws to enforce its July 11 decisions, The HindustanTimes reported the second official said. T...
Star Workers Raise the Stakes in Fight Over Casino Tax
AUSTRALIA (July 28, 2023) — Star casino workers worried a proposed lift in taxes on the troubled Sydney gambling venue could cost jobs have taken their fight to the office of NSW Treasurer Da...
Winnings from Online Poker Play May Also be Subject to Income Tax
Press release from the Federal Fiscal Court of June 29, 2023 – number 031/23 München, Germany (July 3, 2023) — The Federal Fiscal Court (BFH) ruled on February 22, 2023 – XR 8/21...
Licensing and Taxation of Gambling Activities in Denmark
All questions The licensing process i Application and renewal The Danish Gambling Authority has different application forms for different types of gambling licences. Licences may as a starting poin...
Legislative Council Approve New HK$12bn Football Betting Tax Levy
Hong Kong lawmakers pass bill ordering Jockey Club to pay HK$12bn in football betting tax to boost gov’t revenue Legislators approved the new levy despite earlier objections from the Jockey Club,...
NSW Treasurer Defers Tax Hikes for Casinos Citing….
Lack of Engagement by Previous Government – ABC SYDNEY, NSW (June 20, 2023) — Earlier on Tuesday, it was revealed a tax hike for Sydney’s casinos due to come into effect on July 1...
