Starting in February 2024, all companies and technological platforms that offer remote gaming and sports betting services They must pay 12% of their net profitafter the Ministry of Foreign Trade and Tourism (Mincetur) complied with publishing the regulations of law 31557, which regulates this activity.
In this way, the Peruvian Government seeks to attract resources for more than S/162 million each year, from a sector whose volume of bets carried out in our country was close to S/3.8 billion in 2022.
The law had been without regulations for more than a year. Originally, it was approved in August 2022, and then modified in June 2023 when it was considered that its wording only reached national companies and left out those that operate online, which represent 70% of gaming and sports betting activity. from distance.
It was even expected that, after its publication in 2022, the resources of the Qatar World Cup. It was not so. According to information accessed by La República, by September 2023 the device had left Mincetur and was in the hands of the Ministry of Economy and Finance (MEF).
The regulation was expected by different players in the country’s betting market, such as the National Gaming Society of Peru (Rattle) and the Association of Winegrowers of Peru (ABP). The latter had raised criticism for alleged unfair competition with non-located companies.
Application in 120 days
Until October 2023, there were about 50 online sports betting and gaming technology platforms operating in Peru, according to Mincetur data.
DS 005-2023 Mincetur, which makes the regulation official, establishes that its application will come into force in 120 days. Between February 10 and March 10, 2024, companies will be able to process their authorization of operation before Mincetur, governing body of the law.
Platforms that do not register within this period will not be able to continue operating in our country, and the penalty for those operators that do not comply with this provision could reach 150 UIT.
In the case of establishments game rooms of remote sports betting, these may be located in a location exclusive to this activity or others whose main purpose is the sale of other products or services.
It should be noted that the rule will not affect the players. The money won as a prize will be collected in full, since the tax will be applied to companies, Mincetur explained.
The key
Taxation. Resources will be allocated to reactivate tourism, recover infrastructure works, promote sports and attend to mental health programs, Mincetur reported.
Little machine. Gross revenue from online games worldwide in 2022 reached US$102 billionaccording to an international study by H2 Gambling Capital.
Source: Larepublica
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