
Costa Rica Taxes Online Casino Sites

Costa Rica’s former regulations for online casinos and other internet gambling sites have been somewhat lax in the past. As such, the current government, led by Laura Chinchilla, has undertaken recent measures to establish stronger and stricter regulations that will likely put a dent in the operating internet gambling industry in Costa Rica. The former loose regulations, coupled with the influx of internet gambling operations into the country because of USA’s prohibitions, has impacted and impaired Costa Rica’s control of its own gambling industry. With its current stricter regulations and a harsh tax proposal, several online casino and internet gambling firms threatened the government by claiming that these will relocate. As a result, a new tax proposal on the gambling industry has recently been announced.
Under Chinchilla’s present rule, Comisión Nacional Reguladora de Apuestas y Juegos de Azar has recently been established to regulate betting. At the same time, it will also oversee gambling activities in online casinos and other internet wagering sites. The newly formed commission has enforced provisions that oblige gambling establishments to disclose the amount of earnings or profit that they generate; which is believed to enable the government to have its “share”. Because of Costa Rica’s move to tax internet establishments, online casino sites and internet gambling companies have simultaneously begun to plan a transfer to countries that are less harsh and restrictive toward wagering activities and internet based operations.
Fearing the possible effects if companies relocate the ministry of finance in the country has announced planned revisions towards the strict tax proposal. The proposed levy states that 15% tax will be imposed on the gross monthly income of online casinos; whereas internet gaming websites will be charged with $50,000 on a yearly basis.
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