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Argentina to Implement 10.5% Tax on Online Betting Deposits

The government of Argentina is planning to impose a 10.5% tax on internet gambling deposits, as individual states take action to legalize and regulate the activity.

The country's Finance Minister of the province of Córdoba said that next year the government plans to impose a 10.5% tax on deposits, which will be enforced through credit card companies. It's expected that the government would raise $4.3 million from this tax next year, although the minister didn't say what forms of gambling the government is planning to implement the tax on.

To date, the federal government of Argentina hasn't taken any action to legalize and regulate online betting, leaving many of the states to take matters into their own hands. The federal government suggested a national gaming regulator, but this has gone nowhere.

We'll update this story as we learn more about the proposed taxes and the impact it'll have on punters within the country.

3 replies • Last post

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idEndro Nawawi
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Endro Nawawi's picture
Location: Indonesian
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29 November 2017 - 6:15pm
#1

this is sad news for players onlone slot from argentina, in addition to betting they have to pay a tax of 10.5%,hopefull is just planning Joking

idZaelany Zael
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Location: Indonesia
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30 November 2017 - 7:14am
#2

Tax 10,5% i think it is okay cause casino be legal thing. So we can doing spin without any scary. If indonesia doing liKe that i am really happy, LOL. But 10,5% from amount of deposit may be large. We fighting with the risk. Before we earning money we must pay a tax. Why not if doing withdrawal, so earning after tax.

bgsharpe
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14 December 2017 - 12:06pm
#3

Wow, that would decrease the number of players interested to deposit, I'm sure, it's pretty harsh number being taxed 10,5 % every time you deposit, instead of regulating the business federal government just implement the tax - smart way of gaining funds without doing anything really, but harsh on punters.

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