Costa Rica: Annual 15% Tax on Casinos

If the bill presented to the Legislative Assembly is successful, a 15% tax will be levied on casinos' gross earning.

Thursday, August 19, 2010

The previous government's proposal also includes an annual charge of $50,000 payable by electronic betting houses located in the Costa Rican national territory.

"It also seeks to charge both sectors a 0.5% annual payment for operating in the country. Despite these new charges, the congressman Guillermo Zúñiga states that the objective is not to chase the betting industry away," reports capitales.com.

More on this topic

Costa Rica to Apply New Taxes to Casinos

July 2009

A project sponsored by the government foresees a 2% raw income tax to casinos and electronic betting operations.

The proposal will oversee operation and control of casinos and electronic betting centers.

From Nacion.com: "Jorge Hidalgo, vice president of the Costa Rican Casinos Association, said that they support more regulation, but assured that the 2% raw income tax is way too high."

Costa Rica: New regulation for Casinos

October 2009

The Law Project that regulates bets, casinos and other gambling games was presented at the Congress.

The activity will have a 2% tax over gross revenue, and will have to be declared and payed among the first 10 days every month.

Aditionally, "...each casino or gambling house will have to obtain an operations license, issued by the National Regulatory Comission of bets and gambling games", according to La Prensa Libre in its website.

Nicaragua: New Regulations for Casinos and Game Rooms

May 2011

The Nicaraguan congress has approved on the whole, a special law for the control and regulation of casinos and game rooms.

The bill, which will be discussed by the Assembly in detail (item by item) from Wednesday 25 May, will create a regulatory framework and establish a governing body.

Progress on Approval of Smoking Ban

February 2012

Costa Rica's Congress has approved the first reading of a bill to ban smoking in public places, and charge a tax of $0.80 on each packet of 20 cigarettes.

The law on tobacco and its dangerous effects will prohibit smoking in public places and also raises taxes on cigarettes.

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