Peru bill proposes fivefold increase in consumption tax rate to 5%
By The Weekly Edge desk ·
Summary
A bill from the Civic Works Party's parliamentary group would lift Peru's selective consumption tax on online bets from 1% to 5% of each wager. The levy would stay online-only, sit on top of the existing 12% gaming tax on GGR, and apply to domestic and foreign operators alike. The bill cites problem-gambling concerns and revenue, projecting the yield could rise from about S/324 million to S/1.62 billion a year in an illustrative static scenario.
Why it matters
Raising the online bet tax from 1% to 5% of each wager, atop the 12% GGR tax, squeezes licensed operators' margins.