Costa Rica Planning on Online Gambling Tax
The Costa Rican government is planning on imposing a tax on internet gambling operators based in the country, which until now did nothing to regulate the online casino industry.
The Ministry of finance in Costa Rica prepared the plan to tax and regulate internet casinos settled in the country. The bill will be presented for national legislature consideration. The Ministry of Finance believes the bill could raise more then 61 million Euro in revenue. Opponents and proponents argued about the bill over the last several months. The favourable tax situation in Costa Rica is one of the mayor reasons why online casinos chose Costa Rica as a location, and some are scared that the gambling industry will leave the country when the tax plan will be implemented. Minister Jenny Phillips noted that the online casino gambling industry is unregulated, and some form of taxation could be expected at any new location. A report by A.M. Costa Rica said the minister had planned the gambling bill as part of a package to reform tax law. The minister asserted that Costa Rica, along with Antigua are the biggest bases for online gambling sites in the world. She did not talk about the details as to what gambling will be included in the bill.




