The Revenue Supplementary Tax levied on the six gambling concessionaires will be waived until the end of 2027, according to yesterday’s Official Gazette.
The Chief Executive Dispatch was dated Jan. 29 this year.
The gaming law gives the Chief Executive power to waive taxes.
Article 28 of the Law says that, in addition to paying the special gaming tax, the concessionaires must also pay taxes, duties, fees and handling charges.
Nonetheless, the same article says the Chief Executive may, in the public interest, temporarily and exceptionally exempt concessionaires from paying Revenue Supplementary Tax in whole or in part.
Despite the fact that it appears six times in the law, the term ‘public interest’ is not defined.
The law also says the Chief Executive can waive certain funding grants or investments by concessionaires on the grounds of public interest, especially when they are expanding foreign source markets. AL
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