Tax on Casinos Approved in Second Debate

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    San Jose [TCRN] – Last Friday, June 18th, legislators approved in second debate the “Ley de Impuestos a Casinos,” (Casinos Tax Act) which will regulate activities in casinos and Internet sportsbooks in the country and will charge more taxes.

    The voting session ended with 42 votes in favor and only one vote against.

    Under the new regulation, legally authorized casino operators will be taxed 10% of their net income.

    In addition, they will have to pay 60% of a base salary for each gaming table and 10% for each gaming machine.

    The new law also states that casino operations can only be installed in hotels ranked 4 stars or higher, according to the standards of the Costa Rican Institute of Tourism (ICT).
    The revenue will go to the Ministry of Public Security (MSP).

    The law will come into effect once President Chinchilla signs the bill.

    The Costa Rica News (TCRN)
    San Jose Costa Rica

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