PART IV
Fiscal (ss 21-23)

[Ch1901s21]21.     Licence levy

            (1) A licensee shall pay in respect of every month during which his licence subsists a levy of such percentage of his gaming revenue for that month as may be determined by the Board.

            (2)        The levy prescribed by subsection (1) shall be paid not later than 10 days immediately after the expiry of the month in respect of which the levy is payable.

            (3) A licensee shall submit to the Board, together with every levy payment made under this section, a certificate under the hand of the person appointed in accordance with section 25(1) certifying that, in the opinion of that person, the amount of the levy payable has been fairly and accurately calculated.

[Ch1901s22]22.     Payments to be made to Board

            All payments required in terms of section 21 shall be made to the Board and paid by it into the Consolidated Fund.

[Ch1901s23]23.     Licence levy to be deductible expense

            Notwithstanding anything in the Cap. 52:01 Income Tax Act, any licence levy paid under this Part shall be a deductible expense for the purpose of computing taxable income.