2% tax on gambling in Costa Rica | IXGAMES
Finance ministry of Costa Rica will submit a bill within the next two weeks proposing a two percent tax on gambling. The ministry estimates the tax – which would be imposed on income earned in the gambling, gaming and betting industry, would generate up to $85 million for the government. Those figures were calculated by money earned by casinos and the online betting industry. There are 46 casinos in Costa Rica and 300 gambling-related businesses, including call centers. Although the tax would provide a boost for the state during these tough times, officials in the gaming industry have expressed concern about a reduction in revenues, following an already significant drop in 2009. (Costa Rican Casinos are among the hardest hit by the global financial crisis). The bill in expected to be put to the Legislative Assembly on August 3. Reported by The Tico Times