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Casino tax

Casino tax is computed monthly based on the Gross Gaming Revenue (GGR) from the games conducted in the casino. 

 

Gross Gaming Revenue (GGR)   =   A  –  B

Where

A  is the aggregate of the amount of net wins received on all games conducted within the casino premises of the casino operator; and

B  is the GST chargeable under Goods and Services Tax Act (Cap. 117A) by the casino operator in respect of all gaming supplies made by the casino operator.

Gaming supplies refer to betting and gaming services offered or conducted by a casino operator.

 

Net Win

For games where the casino operator is a party to the wager, net win is the difference between the amount of bets received by the casino operator on the game and the amount paid out by the casino operator as winnings on the game. The two main games under this category are table games and gaming machines where the players play against the casino operator.

For games where the casino operator is not a party to a wager, net win is the amount determined by the total value of all consideration in money or money's worth received by the casino operator for conducting the game. Tournaments and contests are games where the players compete among themselves for a prize and not against the casino operator.

 

Casino tax rates

Gross Gaming Revenue (GGR) generated from premium players will be taxed at 5% while GGR from all other players will be taxed at 15%. A premium player is a person who opens a deposit account with the casino operator with minimum amount of $100,000. 

Gross Gaming Revenue from Casino Tax Rate

Premium players

5%

Other players

15%

 
 

Example - computing casino tax

 

Premium players (5%)
$

Other players  (15%)
$

Net win for table games

28,000,000

40,000,000

Net win for gaming machines

6,000,000

12,000,000

Net win for counter games

1,000,000

2,000,000

Net win for tournaments

  100,000

0

Total Net win     (A)

35,100,000

54,000,000

Less: GST chargeable at 7% [7/107 x A ]

2,296,262

3,532,710

Gross Gaming Revenue               

32,803,738

50,467,290

Casino tax payable

1,640,186.90

7,570,093.50

Total Casino tax payable

9,210,280.40

Figures used are for illustration only

Last Updated on 21 October 2014


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