Returns for calculation of lottery tax—Act, s 96
8 Returns for calculation of lottery tax—Act, s 96
This section prescribes, for section 96(1) of the Act, the requirements for returns.
A return must be given for each month.
A return must be given on or before the seventh day of the month immediately following the month to which the return relates.
A return must state the following details for each classified lottery for the month to which the return relates—
the total amount paid for tickets for all drawings of the lottery;
the total amount set aside from the amount mentioned in paragraph (a) for payment of prizes;
the lottery operator’s monthly gross revenue.
Also, for a classified lottery that is a declared lottery, a return must state the total amount of selling fees for tickets in the lottery for the month to which the return relates.
In addition, a return must state the lottery operator’s global GST amount for the month to which the return relates.
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