The Provincial Institute of Lottery and Casinos has instituted a new tax on prizes on slots ranging from 1 percent to three percent on prizes.
In November the Governor of Buenos Aires, María Eugenia Vidal announced that the government would impose the new tax on winnings in order to raise funds for the most vulnerable sectors of society. Revenue will be used to create a new Integration and Social Development Fund to finance infrastructure and assistance programs in social areas.
Owners of casinos and bingo halls will act as withholding agents and will be responsible for collecting the new tax. The casino or bingo hall will calculate daily the total contributions that must be integrated in accordance with the payments generated in each room including all the tickets generated both via cashiers and via Ticket-In, Ticket-Out (TITO) machines, according to the published regulations.
