South Africans to tax online gamblng

South Africa's Minister of Finance, Trevor Manuel, this week released for public comment a bill that will tax Internet gambling. The bill provides for a special tax on "interactive gambling" which was earlier regulated in the National Gambling Amendment Bill approved by Parliament in May 2008.

The tax will be imposed on operators with an interactive gambling website in South Africa, and will fall on gross gambling revenue.

The initial National Gambling Act which this year's bill amended did not provide for legalised interactive gambling in South Africa, the Minister explained. The amendment bill therefore allows for this form of gambling in South Africa in order to ensure regulatory oversight of the pastime, and to prevent it remaining in the hands of offshore jurisdictions, with little or no protection for local consumers.

The National Gambling Amendment Bill provides for strong national regulation of online gambling. By setting up strict national rules, South African legislators reinforced existing regulatory conditions and further protected consumers and children.

Tax in respect of interactive gambling activities is to be imposed in terms of appropriate legislation - carried out separately because taxes are imposed by a special procedure under section 77 of the Constitution.

Once public comment has been obtained, the Interactive Gambling Tax Bill will be tabled in Parliament during the first half of 2009; comments must be sent to Treasury before March 1 2009.

The full text of the Bill can be found on the Treasury's website.

lcb activities in the last 24 hours

  • 48
    new members
  • 693
    members online
  • 14321
    guests online
  • 135
    new posts
  • 5568
    free games played
Join the club

Highest Community Rated Online Casinos

Swipe left or right to see more

Latest forum posts

  • Me
    aymenpronet wrote: Thanks LCB.. I received today your newsletter but this time in the spam section.. I don't know why . thanks for letting us know. Please add us to your safe senders list. Here is how...
    LCB No Deposit and Exclusives Newsletter
  • Avantar 044
    hunterpromotion wrote: Halloween Race Nice  but i was unlucky today try tommorrow again.   Thank you anyway
    Betfair No Deposit
  • Anchi
    Dr Vegas - Spookiest £50 You'll Ever Get!Promotion runs from 14:00 on Friday, 28th October  2016 - 23.59 on Monday, 31st October 2016 Dr Vegas will raise your spirit with a spooktacular Halloween Bonus offer! Don’t...
    Halloween Promotions for 2016

Join today and start earning rewards

You will immediately get full access to our online casino forum/chat plus receive our newsletter with news & exclusive bonuses every month.
S logo

Report to moderator

Use this function to inform the moderators and administrator of an abusive or wrongly posted message.

Please note that your email address will be revealed to the moderators if you use this

Select Language
Search Results