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Wednesday, October 5, 2022

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Executive promulgated the law so that online sports betting houses pay 12% taxes

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Tonight, in a protocol ceremony at the Government Palace, President peter castle signed the autograph of the law that has The objective is to create a tax on remote sports games and betting and regulate the application of a selective consumption tax (ISC).

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“In recent years, activities have arisen that have been generating important economic movements, but since there is no adequate regulation, they do not pay taxes to the national treasury. I am referring to the activities related to remote gaming and sports betting that have been developed and expanded throughout the world, and Peru is no exception,” said the president during the ceremony.

The president stressed that the Executive and Congress agreed on the need to establish a regulatory framework so that these operations are controlled in an integral manner, paying taxes and complying with the appropriate conditions, as has happened in Colombia, Mexico, Argentina and a large part of the State. United and Europe.

“For the first time, Peru is creating a special tax on online juices and sports betting with a 12% tax, which will generate an annual collection for the State of approximately S / 156 million soles, this amount we will distribute equitably,” Castillo said.

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The rule establishes that the share of the tax will be 12% of the tax base, and that Sunat will be the public entity administering said tax.

A) Yes, 20% of the income generated by this tax will be transferred to the Ministry of Health for mental health programs, other 20% will constitute income to the Public Treasuryas well as a 20% will be delivered to the Peruvian Sports Institute (IPD) for promotion and popularization of sport at the national level.

The remaining 40% will go to the Ministry of Foreign Trade and Tourism (Mincetur).

Source: Larepublica

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