Peruvian Government raises gambling tax
Gaming Association to go to court to challenge new ruling
For the gaming industry in Peru it was a Thursday 13th that brought ill tidings. 13 September 2018 was the day that the official publication El Peruano published the Presidential Decree that a selective tax on consumption (ISC) will be added to casino and slots operations.
In effect, this means that casino games, slot machines and online bets will pay more tax, as will lotteries, bingos, raffles and draws, and horseracing events. In the case of casinos every gaming table and slot machine will be taxed according to its net monthly revenue.
The ISC tax will become active from 1 January 2019 and applied to every gaming table and slot machine in use. The amount payable will not be less than the fixed rate established by the level of net income.
The Peruvian Gaming Industry Association (APEJA) already has signalled its intention to lay charges in the Courts seeking redress against the imposition of the Government to demand that casinos and slots machines at national level pay a luxury tax.
