Costa Rica: New regulation for Casinos
The Law Project that regulates bets, casinos and other gambling games was presented at the Congress.
Wednesday, October 14, 2009
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.
A project sponsored by the government foresees a 2% raw income tax to casinos and electronic betting operations.
The new law creates a regulatory framework for casinos, game houses and slot machines and will come into force in December.
If the bill presented to the Legislative Assembly is successful, a 15% tax will be levied on casinos' gross earning.
Virtual casinos operating from Costa Rica will be regulated by this proposed law.
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