Calculation of interactive gambling tax—Act, s 113
6 Calculation of interactive gambling tax—Act, s 113
For section 113(2) of the Act, the interactive gambling tax payable by a licensed provider, for the authorised games conducted by the provider during a month, is the total amount of gross tax for the games for the month less the total GST deduction for the month.
The gross tax for an authorised game conducted by a licensed provider for a month is the total of the tax components for the game for the month calculated under subsections (2) to (4).
The total GST deduction for a month is the sum of the GST deductions for all of the monthly component amounts for the month.
The GST deduction for a monthly component amount for a month is the lesser of the following amounts—
the part of the global GST amount for the month that relates to the monthly component amount;
the monthly component amount for the month.
The Queensland component of interactive gambling tax for a game is calculated using the following formula—
where—
GP means the gross profit of the game.
GT means the gambling turnover for the game.
QC means the Queensland component of interactive gambling tax for the game.
QGT means the part of the gambling turnover for the game attributable to the gross amount wagered by all Queensland residents.
QR means—
if the game is a game approved under a gaming Act—the rate of tax specified in that Act for the game; or
if paragraph (a) does not apply—50%.
The participating jurisdictions’ component of interactive gambling tax for a game is the total of the amounts calculated using the following formula for each participating jurisdiction—
where—
GP means the gross profit of the game.
GT means the gambling turnover for the game.
PJC means a participating jurisdiction’s component of interactive gambling tax for the game.
PJGT, for a participating jurisdiction, means the part of the gambling turnover for the game attributable to the gross amount wagered by all residents of the jurisdiction.
PJR, for a participating jurisdiction, means—
the rate of tax payable, under the corresponding law of the jurisdiction, for wagers in the game made by residents of the jurisdiction; or
if no rate of tax payable under the corresponding law of the jurisdiction is specified in the law and, the game is approved under a law of the jurisdiction regulating gambling—the rate of tax specified in that law for the game; or
if no rate of tax payable under the corresponding law of the jurisdiction is specified in the law and paragraph (b) does not apply—50%.
The non-participating jurisdictions’ component of the interactive gambling tax for a game is calculated using the following formula—
where—
GP means the gross profit of the game.
GT means the gambling turnover for the game.
NJC means the non-participating jurisdictions’ component of interactive gambling tax for the game.
NJGT means the part of the gambling turnover for the game attributable to the gross amount wagered by all residents of all non-participating jurisdictions.
QR means—
if the game is a game approved under a gaming Act—the rate of tax specified in that Act for the game; or
if paragraph (a) does not apply—50%.
In this section—
global GST amount, for a month for the authorised games conducted by a licensed provider, means the global GST amount calculated under the A New Tax System (Goods and Services Tax) Act 1999 (Cwlth), division 126, for the month for the conduct of the games.
monthly component amount, for a month for the authorised games conducted by a licensed provider, means the total of the amounts of a tax component for the month for the games.
Example—
A licensed provider conducts 3 games during a month. The monthly component amounts for the month are calculated as follows—
| Queensland component of tax calculated under subsection (2) | Amount of tax calculated under subsection (3) for participating jurisdiction A | Amount of tax calculated under subsection (3) for participating jurisdiction B | Non-participating jurisdictions’ component of tax calculated under subsection (4) | |
| Game 1 | $1500 | $1000 | $800 | $200 |
| Game 2 | $1600 | $1200 | $900 | $150 |
| Game 3 | $200 | nil | nil | nil |
| ______ | ______ | ______ | ______ | |
| Monthly component amounts | $3300 | $2200 | $1700 | $350 |
tax component means any of the following—
the Queensland component of tax calculated under subsection (2) for a game;
an amount of tax calculated under subsection (3) for a game for a participating jurisdiction;
the non-participating jurisdictions’ component of tax calculated under subsection (4) for a game.
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