➡️➡️➡️Again LATAM and the issue of taxes in gaming:

➡️➡️➡️Again LATAM and the issue of taxes in gaming:

In Peru 🇵🇪, the regulator has officially enacted a consumption tax for online gaming and sports betting operators.

➡️ The government has approved legislative decree N° 1.644, which means the selective consumption tax (ISC) is no longer as "selective." It now applies to both domestic and foreign online casino and sports betting operators.

➡️ How does it work? — The Ministry of Tourism must include the platform in the relevant foreign registry. Subsequently, a tax payment declaration is submitted, and there is no need to open a branch in Peru or find a Peruvian partner. Payments can be made in USD.

➡️ The applicable rate will be 1%.

➡️ Additionally, Peruvians playing on foreign platforms will also be required to pay 1% on their bets. Those attempting to evade the tax could face fines of up to 266,767 USD.

➡️ And how do they plan to control it⁉️ Players are expected to voluntarily register in the system or, alternatively, choose to play on local platforms.

In summary, it's a complicated scheme, and those interested in the Peruvian market are advised to consult with a local lawyer. While it doesn’t guarantee definitive solutions, it may help clarify several points.

#news #Peru #gambling

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