Update: Online Gambling Tax Reconsidered in Costa Rica

1016
April 5th, 2011
Back Update: Online Gambling Tax Reconsidered in Costa Rica

The government gives up on 15 percent levy for the time being

Last year’s presidential campaign of Laura Chinchilla largely focused on Costa Rica's serious crime problems, offering a solution in shape of increased enforcement action funded by a new gambling operator tax. However, the option of introducing the 15 percent tax on gross revenue has been abandoned at the moment.

This apparently happened due to severe opposition from trade associations and other interested parties, and apart from the tax, the government also decided to withdraw a further proposal of a $50 000 annual levy. It was stated by the government spokesmen that they are working on wider tax reforms, in need of a suspension of the gambling-specific proposed tax measures, first mooted late last year.

Despite the fact that many online gambling operators choose Costa Rica as its basis, the country has no formal licensing and regulatory system for online gambling. And although it has tried to introduce such regime on a number of previous occasions, all the attempts have failed.

General Gambling News Gambling Law & Society News
Back to articles
100% welcome bonus at Rich Palms!

Search

Search Results

Select language

English English

Don't show this again

Share on Facebook

Share on Twitter

Share