Asia Casino

Asia Casino

January 13, 2022

Singapore’s Casinos Face New Taxes Following Approval of Legislation

After some deliberation, Singapore’s government has approved new tax laws for gaming operators.

The new Gambling Duties Bill increases how much casinos will contribute to the state. It implements a more specific system that will force accountants to be more diligent, and possibly more innovative, in their number-crunching.

Currently, casinos give 15% of their gross gaming revenue (GGR) to the government.

Once the new tax regime is put into effect, the base level on mass gaming GGR will move to 18% on the first SG$3.1 billion (US$2.3 billion). Once that threshold is reached, operators will need to be ready to give up 22%.

https://www.casino.org/news/singapores-casinos-face-new-taxes-following-approval-of-new-legislation/