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New Gambling Tax Laws in South Australia

Monday April 20,2015 :  NEW TAX LAWS IN OZ WILL IMPACT ONLINE GAMBLING FIRMS
 
A$50 million in tax reveues could accrue to South Australia.
 
The Australian provincial government of South Australia could benefit handsomely - by as much as A$50 million - from a new federal law allowing state governments to collect taxes from online gambling companies based on the principle of point-of-consumption; in other words, the location of the gambler, not the registered office of the company.
 
The Australian newspaper reported over the weekend that around 74,000 South Australians have an online gambling account through 19 interstate betting operations, but none of the gambling companies pay any tax in SA.
 
The article refers to Australian-licensed mainly sportsbook operators and not the largely unknown quantity of the illegal, unlicensed offshore operators.
 
SA treasurer Tom Koutsantonis revealed that South Australia attended a meeting of state treasurers earlier this month where it was agreed that SA would work on a proposal to implement the new tax arrangement.
 
“It is important that online gambling operators pay taxes considering that they are generating profits based on the betting activity of South Australians,” he said.
 
One estimate based on an independent "top four" accounting firm report submitted to the provincial government tax authorities, suggested that the new tax could be worth A$4.7 billion nationally over a ten year period, giving South Australia around A$4.7 billion annually.
 
The submission states: “So in this state, a tax for online gambling set at 40 percent to match that of existing ‘for profit’ gambling businesses would generate many millions for South Australia’’.
 
Under current rules, gambling companies pay a A$1500 fee to allow them to operate and advertise in SA, but no taxes. The state collects $390 million in tax from gambling companies that are registered in the province.
 
Koutsantonis says that the new regime would depend on financial self-reportage from gambling firms on how much of their business was conducted within the province, backed by government audit and compliance networks, and he would be suggesting this sort of structure to the other Australian provinces.



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Betradar Launches US Sports Betting Solutions - With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.

Abdelaouhab Zizi Wins MPNPT Morocco Main Event - Abdelaouhab Zizi has defeated fellow Casablanca resident Fadhil Farag heads up to win the 2018 MPN Poker Tour Morocco Main Event and MAD 375,000 (c. €33,220) after a two-way deal.

Final 12 For MPNPT Morocco - Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).

MPNPT Morocco Updates - Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.

MPN Poker Tour Morocco Day 1A - The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.

2018 MPN Poker Classic - The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.

PDC and Sportradar Renew Deal - Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data

Poker Yaar Joins MPN - Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.

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