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.