Peru lawmakers propose 5% consumption tax on online bets
By The Weekly Edge desk ·
Summary
The Civic Works Party's parliamentary group has proposed raising Peru's selective consumption tax on online bets from 1% to 5% of each wager, reported by iGaming Business. The levy would remain separate from the 12% gaming tax on GGR and would apply to operators incorporated in Peru or abroad. The bill estimates annual ISC revenue could rise from approximately S/324 million to S/1.62 billion in a static, illustrative scenario.
Why it matters
The proposal could change the tax burden on online betting operators and bettors, though the bill says the impact may be absorbed, passed on or shared.