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Tax for online gambling in South Africa
 November 16, 2008, 11:58 am (3 years ago)South Africa's Minister of Finance, Trevor Manuel, this week announced for open comment a bill that is going to charge tax Internet gambling. The regulation provides for a particular tax on "interactive gambling" which was previously regulated in the National Gambling Amendment Bill permitted by Parliament in May 2008.
The tax is going to be levied on operators with an interactive gambling site in South Africa, and is going to affect on total gambling income.
The original National Gambling Act which was revised by this year’s regulation didn’t cover for legalized interactive gambling in South Africa, the Minister stated. The revision of bill then permits this figure of gambling in South Africa so as to make sure regulatory failing to notice in the pastime, and to avoid it from staying in the hands of jurisdictions abroad, with little or no defense for local customers.
The National Gambling Amendment Bill is for strong national rule of online gambling. By implementing tight state rules, South African legislators strengthened present regulatory provisions and additional protected consumers and underage.
Tax regarding interactive gambling activities is to be enforced on suitable legislation - conducted disjointedly since taxes are enforced by a special process.
After open comment has been acquired, the Interactive Gambling Tax Bill is going to be listed in Parliament throughout the initial half of 2009; comments nave to be delivered to Treasury previous to March 1 2009.
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