Gaming machine tax (section 149(3) of the Act)
33 Gaming machine tax (section 149(3) of the Act)
For section 149(3) of the Act, a component of the gross monthly profit of Category 1 or Category 2 licensed premises is liable to tax, for the month of April 2020 and each month after that month, at the rate specified in the following table:
Component of Gross Monthly Profit |
Rate |
Not more than $10 000 |
12.91% |
$10 001 to $100 000 |
22.91% |
$100 001 to $200 000 |
32.91% |
$200 001 and above |
42.91% |
Example for regulation 33
If the gross monthly profit is $250 000, the first $10 000 will be taxed at 12.91%, the next $90 000 will be taxed at 22.91%, the next $100 000 will be taxed at 32.91% and the remaining $50 000 will be taxed at 42.91%.
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