Peru has implemented new taxes on casino and slots games.
Peru’s Ministry of Economy and Finance published new rules covering the taxes, which went into effect January 1. The measures apply a Selective Consumption Tax on casinos and slot parlors.
The rules rule state that the MEF will apply a fixed amount for each table and for each slot machine.
According to CDC Gaming Reports, for gaming tables, the tax is based on average monthly income and as such the tax is determined by taking into account bets minus prizes during the month for all tables in operation and is then divided by the number of tables on site. For slot machines the tax is applied for each machine, according to its monthly net income.
The Peruvian Association of Entertainment and Gaming plans to challenge the new tax in the courts arguing they will damage Peru’s growing gaming sector and is illegal. The tax has until now been imposed on the sale and import of certain goods such as fuels, cigarettes, beer, liquor, soft drinks but it will now that apply to casinos and slots as well for the first time, according to the report.
