In October 2023, the regulations of Law No. 31557 were promulgated by the Ministry of Foreign Trade and Tourism (Mincetur), establishing the creation of a tax for online sports betting games. As of April 2024, approximately 50 companies that provide this type of services in Peru began to contribute 12% of their net profits to the State.
The initial legislation included the tax obligation for non-resident companies in the country (foreign), although the specific procedure for this was not detailed. Faced with this ambiguity, Jose Arista, Minister of Economy and Finance, declared the Government’s intention to modify the current legislation on sports betting. The objective of this modification is to include international betting companies that operate within the national territory in the tax regime, ensuring that they also contribute taxes.
The words of the Minister of Economy about taxes on sports betting houses
The minister of MEFduring the session requesting a vote of confidence to the Adrianzén Cabinet, spoke about the change in the tax law on international sports betting houses.
“The Executive will propose a rule to modify Law 31557 with the objective of regulating various aspects for the application and collection of the tax on remote gaming and sports betting,” he said.
Jose Arista argued that the obligation for international sports betting houses to pay taxes responds to a principle of equity. He highlighted the difference in tax treatment between in-person games, which are subject to taxation, and remote games, which until now have not been subject to the same tax requirements.
The State would collect millions in taxes
He Ministry of Foreign Trade and Tourism It is estimated that, through this regulation, an annual collection of close to S/162 million would be achieved. This income will be used for various purposes, including the reactivation of the tourism sector, the development of tourism infrastructure, the promotion of sports activities and the support of mental health programs.
What are the most popular sports betting sites in Peru?
Some of the pages of sports bets The most popular in Peru are the following:
- Betsson: Known for its wide range of betting options on various sports, this platform is a favorite among betting fans in the country.
- Inkabet– This Peruvian bookmaker offers a wide variety of markets and is very popular with local bettors.
- Betsafe: Part of the same group as Betsson, Betsafe is also very popular in Peru thanks to its reliability and wide betting offer.
- Sportingbet: With a strong presence in the Latin American market, Sportingbet is a preferred option for many Peruvians for its variety of sports and events.
- 1xBet: Despite being an international brand, 1xBet has gained popularity in Peru for its high odds and extensive coverage of sporting events.
Source: Larepublica
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