The Ministry of Economy and Finance in Peru wants to amend the taxing aspects of Law 31.557, which governs online gaming, Yogonet reported April 5.
Minister José Arista announced that the Executive Power will present a regulation to Peru’s congress changing the law “to regulate elements that are necessary for the application and collection of the tax on remote gaming and sports betting, as well as to allow its declaration and payment by the obligated parties.”
He said it was necessary to establish a regulatory architecture to collect taxes from foreign online betting companies operating in the country.
The change would as “a matter of equity” apply the same 12 percent of net income tax to online gaming as applies to brick-and-mortar casinos or “on-site” games.
Peru’s Ministry of Foreign Trade and Tourism (Mincetur) announced last month that 145 local and international gaming companies have presented applications for licenses to operate online games and sports betting since the window for applications opened in February. The deadline for applications was March 13.
Mincetur Minister Juan Carlos Mathews added that 144 gambling-related service providers were also registered. In addition, seven international certification labs were accredited.
Suppliers have also submitted 184 applications to sell tech platforms, gaming software, progressive systems and different forms of gaming, said Mincetur.
The ministry estimates that the Peruvian gaming market in 2022 was nearly S/3.800 billion ($4.07 billion).
