Gambling firms will have to pay a 15 percent point of consumption tax on bets taken in the Australian Capital territory.
The 15 percent tax will apply to the net betting revenue generated by companies through bets placed in the territory as well as bets made by territory residents. Officials said the tax was similar to point of consumption taxes proposed in several Australian states and was designed to help create a uniform tax throughout the country.
“The introduction of this tax will bring the ACT into line with multiple other Australian jurisdictions which are also in the process of implementing point of consumption tax arrangements,” the proposal reads.
The state of South Australia has also set a 15 percent point of consumption tax and several other states are expected to follow suit. Only the state of Victoria has bucked the trend by setting an 8 percent tax.
