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.
A project sponsored by the government foresees a 2% raw income tax to casinos and electronic betting operations.
The Law Project that regulates bets, casinos and other gambling games was presented at the Congress.
The Nicaraguan congress has approved on the whole, a special law for the control and regulation of casinos and game rooms.
Costa Rica doesn’t want to become a gaming detsination like Las Vegas.
New laws have been passed in Costa Rica that will change the way that many of the casinos will be run and ultimately prevent new casinos being built in Costa Rica as casinos begin to limit their operations in line with these rules.
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