Singapore legislation
Clause 146
Clause 146
Payment of casino tax
(1)
A casino operator shall pay to the Comptroller a casino tax every month during which the casino operator holds a casino licence.
(2)
The amount of casino tax payable under subsection (1) shall be —
5% of the gross gaming revenue for the month from premium players; and
15% of the gross gaming revenue for the month from any other player.
(3)
The rates of tax specified in subsection (2) shall not be increased for a period of 15 years commencing from the date on which a second site for a casino is designated by an order made under section 2(2).
(4)
The Minister may make regulations —
prescribing the time and manner of payment of the casino tax;
prescribing the returns, declarations, statements or forms to be submitted by a casino operator;
prescribing the records to be kept by a casino operator to determine the gross gaming revenue (from premium players or otherwise) for each month; and
generally to give effect to the provisions of this Part.
(5)
Regulations made under this section may provide that any contravention of any provision of the regulations shall be an offence punishable with a fine not exceeding $10,000 or with imprisonment for a term not exceeding 12 months or with both.
(6)
In this Part —
Definition
“Comptroller” means the Comptroller of Income Tax appointed under section 3(1) of the Income Tax Act (Cap. 134);
Definition
“gross gaming revenue”, in relation to a casino operator, means the amount determined by A − B − C,where Ais the amount of bets received on all games by the casino operator;Bis the amount paid out as winnings on all games by the casino operator; andCis the amount of goods and services tax payable by the casino operator in respect of transactions involving betting, sweepstakes, lotteries, fruit machines or gaming under the Goods and Services Tax Act (Cap. 117A);
Definition
“Minister” means the Minister for Finance.