Gambling Tax South Africa
2021年6月19日Register here: http://gg.gg/v268x
Tax Victory for KenyanBetting Operators
*Gambling Tax South Africa Nigeria
*Gambling Tax South Africa 2018
*Online Gambling Tax South Africa
*Sports Betting Tax South Africa
In the latest news from Kenya’s sports betting industry, Nairobi’s Tax Appeals Tribunal has sided with Betin and SportPesa. This is according to reports in the 7 November edition of African news site Business Daily.
BE IT ENACTED by the Parliament of the Republic of South Africa, as follows:— Definitions 1. (1) In this Act, unless the context indicates otherwise— “Administration Act” means the Interactive Gambling Tax (Administration) Act, 2008; “interactive gambling tax” means the interactive gambling tax imposed by this Act. As the betting industry in Kenya and around Africa continues to mushroom, bolstered by the mobile technology revolution, authorities continue to seek gambling tax revenue as a way to bolster their coffers. In the past week, the KRA set its sights on Betika and sought Sh1.75 billion (or $17 million) in outstanding taxes.
The South African online casino industry is booming. Along with other forms of online gambling, and millions of South Africans gamble online every week. But this increase in gambling activity has led to a renewed focus on important issues around gambling. This includes the tax status of any winnings that a player gains from gambling online. The South African Revenues Service (SARS) is the authority that should collect the share of tax from the legal gambling entities. The operators and business have been paying their obligations, but there was not very clear what to be done with players winnings.
The Tribunal is said to have agreed with the operators that the new 20% Kenyan betting tax be applied only to net winnings and not, as was originally stipulated, to bettors’ actual stakes.Kenya’s Changing BettingLaws
In May 2019 Kenya’s newer, stricter GamblingBill wasunveiled. The aim of this piece of legislation is to protect customers, supporthealthy gambling behaviour and generate government income in the form ofgambling tax revenues. A 10% tax increase actually took effect on 1 July 2018,and the Kenya Revenue Authority (or KRA) has been after local operators to payup since then.
The KRA’s initial amended definitionof winnings was that it was all monies paid to winning bettors, including thereturn of the original stake. Until all outstanding taxes were paid, thecountry’s 29 legal bookmakers were suspended by the Betting Control andLicensing Board, or BCLB. This took effect on 1 July 2019.
Companies disagreed with the original amended definition, although SportPesa and Betin did ultimately comply in order to be allowed to resume local operations. Before settling their “outstanding debts” they had been forced to lay off hundreds of members of staff and to suspend their business dealings in Kenya.
Then on 19 September 2019 the KenyanParliament’s Finance Committee proposed the 20% excise rate for the 2019/2020budget. The proposal was voted through almost a week later, on 25 September.This is what SportPesa and Betin appealed against with the Tribunal.The Tribunal’s Ruling
In addition to saying that the 20%tax applies to net winnings only, the Tax Appeals Tribunal has also ruled thatindividual bettors must take more responsibility for tax remittance. The onusno longer falls on the operators to the same degree. Insiders explain that theTribunal’s intention is to shield sportsbooks from prosecution by what is nowconsidered a very aggressive government administration.The Future Remains Unclear
Although SportPesa and Betin wereable to resume their Kenyan activities after settling debts, while the issuesthat the Tribunal ruled on were still unresolved they could not operator atfull capacity. Now, in the wake of the Tribunal’s findings, the BCLB has saidthat any suspended businesses will need to apply for brand new licences.
As the betting industry in Kenya and aroundAfrica continues to mushroom, bolstered by the mobile technologyrevolution, authorities continue to seek gambling tax revenue as a way tobolster their coffers. In the past week, the KRA set its sights on Betika andsought Sh1.75 billion (or $17 million) in outstanding taxes.
Since Betika was among the few BCLB-licensed firms that imposed KRA’s original tax amendments, the fact that the KRA has now gone after them could be perceived as very mercenary. Of course, if the monies gained from revenues really do benefit ordinary Kenyan citizens, there will be few criticisms leveled at the government for imposing the taxes. Whether that will indeed be the case remains to be seen.Gambling license in South Africa
Gambling within South Africa was largely restricted for many years, dating back to around 1673. Almost all forms of gambling were officially banned in 1965 with the passing of the Gambling Act. Horse racing, which was still considered a sport for many years, was however still legal, and the only place where people could place bets. This ban on gambling meant many illegal casinos began to pop up. By 1995 there were an estimated 2000 illegal casinos within South Africa. Luckily, with the new democratic government in 1994, the ban on gambling was lifted with the National Gambling Act. By 1996 the first legally licensed casinos were established and a single national lottery was launched. The National Gambling Act was the start of a diverse gambling community within South Africa.Gambling and licensing
Gambling within SA is highly regulated and is done so by the National Gambling Board as well as the gambling board of each individual province.
The entire process of applying for a license is relatively straightforward. You can apply for a national or provincial license. A national license is generally for those applying as a manufacturer, supplier, maintenance supplier, or for those wanting to work within the gambling industry. A provincial license is simply valid within the single province in which it was issued and is better suited to and casinos or similar.
Both licenses may be applied for and issued through the provincial gambling boards and can be done by visiting the appropriate website (as listed below) and downloading the forms. The websites are quite easy to navigate and the entire application process will take anywhere between three months to a year.Cost of a South African Gambling License
The cost of applications varies from province to province. Here are two examples:
Western Cape
Casino operator new license application fee: R 479 300.00
Casino annual licensing fee: R 239 650.00
Gambling employee fee (new application and yearly fee): R129
Bookmaker new license application fee: R11 977
Bookmaker annual licensing fee: R2403
Poker lottery game facebook. North West Province
Casino operator new license application fee: R230 000
Casino annual licensing fee: R 100 000
Casino employee licence fee: R500
Bookmaker new license application fee: R6000
Bookmaker annual licensing fee: R5000
Other considerations
A big part of obtaining a South African gambling license is the probity process. This, in short, is a KYC process on steroids and will take up the majority of your time, effort, energy and money. Legal fees to complete this process can amount to hundreds of thousands of rands. While we understand the reason for the process, when compared to other jurisdictions such as the UK, Malta and Curacao, the same process is less bureaucratic and less authoritarian in their approach which is the reason why they have a much more vibrant and active gaming industry.Maintaining Your License
Licenses are generally valid for different time periods across the different provinces. To maintain your license you will need to pay a set yearly fee, as given in the above examples. Likewise, if you wish to work at another casino or to move the premises of your existing casino, then you will need to apply for such. Employee licenses are linked to the position which they hold with a specific operator. Every Gambling machine or device must also be registered in order to be considered legal.
National licensees will need to comply with the applicable provincial law within whichever provinces they are conducting business. Provincial licensees will obviously be expected to do the same.
Failure to pay taxes, levies or fees will jeopardise your license as will non-compliance with any of the laws set out in the National Gambling Act. A person convicted of an offence in terms of the National Gambling Act is ‘liable to a fine not exceeding R10 000 000, or to imprisonment for a period not exceeding 10 years, or to both a fine and such imprisonment.
If a licensee is in breach of a condition of a license they are ‘liable to an administrative penalty not exceeding 10% of the annual turnover of the licensee.
You may surrender your license by choice via written notification to the provincial licensing authority.Reposting Requirements
Suspicious or illegal activity can be reported directly to the respective provincial gambling boards or the National Gambling Board itself.Anti-money Laundering
South Africa has three acts which relate to Anti-money laundering: the Prevention of Organised Crime Act (POCA), Financial Intelligence Centre Act (FICA), and The Protection of Constitutional Democracy Against Terrorism and Related Activities Act (POCDATARA).
The main duties of accountable institutions include:
*Identifying and also verifying clients
*Reporting any suspicious transactions
*Keeping records
*Training staff
*Reporting cash transactions over the prescribed limit
*In conclusion, formulating and implementing internal rules
Each legal gambling institution must ensure that all the necessary policies, procedures and systems are in place whilst ensuring full compliance with the FICA Act.
South Africa has a Financial Intelligence Centre (FIC) which is run under the FICA Act. There is also a Money Laundering Advisory Council who works alongside FIC and advises the Minister of Finance. All information regarding money laundering activities must be reported to FIC who will then hand over to the appropriate authorities.TAX
Corporate tax in South Africa is set at a flat rate of 28% for all companies.
Although a withholding tax on winnings has been proposed since 2011, nothing has been set in stone.Software Testing and Online Gambling
Any machine or device which needs calibration or certification must be tested by a licensed testing agent. The agent will need to make sure that the machine/device is compliant with the applicable standard. They record all test results and issue a report. The South African Bureau of Standards must then analyse the results and if found compliant they issue a letter of certification.
Online gambling is still illegal within South Africa except for online betting via a licensed South African bookmaker. Both the operation and advertisement of online casinos within South Africa are illegal acts.Contact the South African Gambling CommissionGambling Tax South Africa Nigeria
For more information:
1. Gauteng:
www.ggb.org.za
2. Western Cape:
www.wcgrb.co.zaGambling Tax South Africa 2018
3. Eastern Cape:
www.ecgbb.co.za
4. Free State:
www.gla.fs.gov.zaOnline Gambling Tax South Africa
5. Kwazulu Natal:
www.kzngambling.co.za
6. Mpumalanga:
www.mgb.org.za
7. North West:
www.nwgb.co.za
8. Limpopo:
www.lgb.org.zaSports Betting Tax South Africa
9. Northern Cape:
www.ncgb.co.zaAlternative to a South African Gambling License
A curacao based gambling license is perfect for your business if you wish to offer services abroad. The license is regulated by the Government of Curacao and is accepted by all banks and payment service providers.
We work with the local authority assisting our clients with their gambling license needs, get in touch on Skype, WhatsApp or Email for further information.
Register here: http://gg.gg/v268x
https://diarynote.indered.space
Tax Victory for KenyanBetting Operators
*Gambling Tax South Africa Nigeria
*Gambling Tax South Africa 2018
*Online Gambling Tax South Africa
*Sports Betting Tax South Africa
In the latest news from Kenya’s sports betting industry, Nairobi’s Tax Appeals Tribunal has sided with Betin and SportPesa. This is according to reports in the 7 November edition of African news site Business Daily.
BE IT ENACTED by the Parliament of the Republic of South Africa, as follows:— Definitions 1. (1) In this Act, unless the context indicates otherwise— “Administration Act” means the Interactive Gambling Tax (Administration) Act, 2008; “interactive gambling tax” means the interactive gambling tax imposed by this Act. As the betting industry in Kenya and around Africa continues to mushroom, bolstered by the mobile technology revolution, authorities continue to seek gambling tax revenue as a way to bolster their coffers. In the past week, the KRA set its sights on Betika and sought Sh1.75 billion (or $17 million) in outstanding taxes.
The South African online casino industry is booming. Along with other forms of online gambling, and millions of South Africans gamble online every week. But this increase in gambling activity has led to a renewed focus on important issues around gambling. This includes the tax status of any winnings that a player gains from gambling online. The South African Revenues Service (SARS) is the authority that should collect the share of tax from the legal gambling entities. The operators and business have been paying their obligations, but there was not very clear what to be done with players winnings.
The Tribunal is said to have agreed with the operators that the new 20% Kenyan betting tax be applied only to net winnings and not, as was originally stipulated, to bettors’ actual stakes.Kenya’s Changing BettingLaws
In May 2019 Kenya’s newer, stricter GamblingBill wasunveiled. The aim of this piece of legislation is to protect customers, supporthealthy gambling behaviour and generate government income in the form ofgambling tax revenues. A 10% tax increase actually took effect on 1 July 2018,and the Kenya Revenue Authority (or KRA) has been after local operators to payup since then.
The KRA’s initial amended definitionof winnings was that it was all monies paid to winning bettors, including thereturn of the original stake. Until all outstanding taxes were paid, thecountry’s 29 legal bookmakers were suspended by the Betting Control andLicensing Board, or BCLB. This took effect on 1 July 2019.
Companies disagreed with the original amended definition, although SportPesa and Betin did ultimately comply in order to be allowed to resume local operations. Before settling their “outstanding debts” they had been forced to lay off hundreds of members of staff and to suspend their business dealings in Kenya.
Then on 19 September 2019 the KenyanParliament’s Finance Committee proposed the 20% excise rate for the 2019/2020budget. The proposal was voted through almost a week later, on 25 September.This is what SportPesa and Betin appealed against with the Tribunal.The Tribunal’s Ruling
In addition to saying that the 20%tax applies to net winnings only, the Tax Appeals Tribunal has also ruled thatindividual bettors must take more responsibility for tax remittance. The onusno longer falls on the operators to the same degree. Insiders explain that theTribunal’s intention is to shield sportsbooks from prosecution by what is nowconsidered a very aggressive government administration.The Future Remains Unclear
Although SportPesa and Betin wereable to resume their Kenyan activities after settling debts, while the issuesthat the Tribunal ruled on were still unresolved they could not operator atfull capacity. Now, in the wake of the Tribunal’s findings, the BCLB has saidthat any suspended businesses will need to apply for brand new licences.
As the betting industry in Kenya and aroundAfrica continues to mushroom, bolstered by the mobile technologyrevolution, authorities continue to seek gambling tax revenue as a way tobolster their coffers. In the past week, the KRA set its sights on Betika andsought Sh1.75 billion (or $17 million) in outstanding taxes.
Since Betika was among the few BCLB-licensed firms that imposed KRA’s original tax amendments, the fact that the KRA has now gone after them could be perceived as very mercenary. Of course, if the monies gained from revenues really do benefit ordinary Kenyan citizens, there will be few criticisms leveled at the government for imposing the taxes. Whether that will indeed be the case remains to be seen.Gambling license in South Africa
Gambling within South Africa was largely restricted for many years, dating back to around 1673. Almost all forms of gambling were officially banned in 1965 with the passing of the Gambling Act. Horse racing, which was still considered a sport for many years, was however still legal, and the only place where people could place bets. This ban on gambling meant many illegal casinos began to pop up. By 1995 there were an estimated 2000 illegal casinos within South Africa. Luckily, with the new democratic government in 1994, the ban on gambling was lifted with the National Gambling Act. By 1996 the first legally licensed casinos were established and a single national lottery was launched. The National Gambling Act was the start of a diverse gambling community within South Africa.Gambling and licensing
Gambling within SA is highly regulated and is done so by the National Gambling Board as well as the gambling board of each individual province.
The entire process of applying for a license is relatively straightforward. You can apply for a national or provincial license. A national license is generally for those applying as a manufacturer, supplier, maintenance supplier, or for those wanting to work within the gambling industry. A provincial license is simply valid within the single province in which it was issued and is better suited to and casinos or similar.
Both licenses may be applied for and issued through the provincial gambling boards and can be done by visiting the appropriate website (as listed below) and downloading the forms. The websites are quite easy to navigate and the entire application process will take anywhere between three months to a year.Cost of a South African Gambling License
The cost of applications varies from province to province. Here are two examples:
Western Cape
Casino operator new license application fee: R 479 300.00
Casino annual licensing fee: R 239 650.00
Gambling employee fee (new application and yearly fee): R129
Bookmaker new license application fee: R11 977
Bookmaker annual licensing fee: R2403
Poker lottery game facebook. North West Province
Casino operator new license application fee: R230 000
Casino annual licensing fee: R 100 000
Casino employee licence fee: R500
Bookmaker new license application fee: R6000
Bookmaker annual licensing fee: R5000
Other considerations
A big part of obtaining a South African gambling license is the probity process. This, in short, is a KYC process on steroids and will take up the majority of your time, effort, energy and money. Legal fees to complete this process can amount to hundreds of thousands of rands. While we understand the reason for the process, when compared to other jurisdictions such as the UK, Malta and Curacao, the same process is less bureaucratic and less authoritarian in their approach which is the reason why they have a much more vibrant and active gaming industry.Maintaining Your License
Licenses are generally valid for different time periods across the different provinces. To maintain your license you will need to pay a set yearly fee, as given in the above examples. Likewise, if you wish to work at another casino or to move the premises of your existing casino, then you will need to apply for such. Employee licenses are linked to the position which they hold with a specific operator. Every Gambling machine or device must also be registered in order to be considered legal.
National licensees will need to comply with the applicable provincial law within whichever provinces they are conducting business. Provincial licensees will obviously be expected to do the same.
Failure to pay taxes, levies or fees will jeopardise your license as will non-compliance with any of the laws set out in the National Gambling Act. A person convicted of an offence in terms of the National Gambling Act is ‘liable to a fine not exceeding R10 000 000, or to imprisonment for a period not exceeding 10 years, or to both a fine and such imprisonment.
If a licensee is in breach of a condition of a license they are ‘liable to an administrative penalty not exceeding 10% of the annual turnover of the licensee.
You may surrender your license by choice via written notification to the provincial licensing authority.Reposting Requirements
Suspicious or illegal activity can be reported directly to the respective provincial gambling boards or the National Gambling Board itself.Anti-money Laundering
South Africa has three acts which relate to Anti-money laundering: the Prevention of Organised Crime Act (POCA), Financial Intelligence Centre Act (FICA), and The Protection of Constitutional Democracy Against Terrorism and Related Activities Act (POCDATARA).
The main duties of accountable institutions include:
*Identifying and also verifying clients
*Reporting any suspicious transactions
*Keeping records
*Training staff
*Reporting cash transactions over the prescribed limit
*In conclusion, formulating and implementing internal rules
Each legal gambling institution must ensure that all the necessary policies, procedures and systems are in place whilst ensuring full compliance with the FICA Act.
South Africa has a Financial Intelligence Centre (FIC) which is run under the FICA Act. There is also a Money Laundering Advisory Council who works alongside FIC and advises the Minister of Finance. All information regarding money laundering activities must be reported to FIC who will then hand over to the appropriate authorities.TAX
Corporate tax in South Africa is set at a flat rate of 28% for all companies.
Although a withholding tax on winnings has been proposed since 2011, nothing has been set in stone.Software Testing and Online Gambling
Any machine or device which needs calibration or certification must be tested by a licensed testing agent. The agent will need to make sure that the machine/device is compliant with the applicable standard. They record all test results and issue a report. The South African Bureau of Standards must then analyse the results and if found compliant they issue a letter of certification.
Online gambling is still illegal within South Africa except for online betting via a licensed South African bookmaker. Both the operation and advertisement of online casinos within South Africa are illegal acts.Contact the South African Gambling CommissionGambling Tax South Africa Nigeria
For more information:
1. Gauteng:
www.ggb.org.za
2. Western Cape:
www.wcgrb.co.zaGambling Tax South Africa 2018
3. Eastern Cape:
www.ecgbb.co.za
4. Free State:
www.gla.fs.gov.zaOnline Gambling Tax South Africa
5. Kwazulu Natal:
www.kzngambling.co.za
6. Mpumalanga:
www.mgb.org.za
7. North West:
www.nwgb.co.za
8. Limpopo:
www.lgb.org.zaSports Betting Tax South Africa
9. Northern Cape:
www.ncgb.co.zaAlternative to a South African Gambling License
A curacao based gambling license is perfect for your business if you wish to offer services abroad. The license is regulated by the Government of Curacao and is accepted by all banks and payment service providers.
We work with the local authority assisting our clients with their gambling license needs, get in touch on Skype, WhatsApp or Email for further information.
Register here: http://gg.gg/v268x
https://diarynote.indered.space
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