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.
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
(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
[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.