South Africa Drops Unpopular Gambling Tax Idea

SOUTH AFRICA DROPS UNPOPULAR GAMBLING TAX IDEA

23rd February, 2012 at 09:16:18
Source: http://www.azonlinecasinos.com

1% national tax based on GGR proposed instead

It was South Africa's budget presentation day Wednesday, with some cheering news for the gambling community.

Finance Minister Pravin Gordhan has proposed that the unpopular 15% tax on gambling winnings over Rands 25 000 be dropped and replaced with a 1% additional national levy based on gross gambling revenue (GGR) that will also be applied to the national lottery.

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