Casino - Fiscal (Ss 21-23)

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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


(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.