Back »

Paraguay – Paraguay gaming tax up 21 per cent in three years

Posted by

Paraguay’s Gaming Board (CONAJZAR) has clarified and provided more data regarding gaming revenues in 2016.

In a statement the board reported that it had collected a total of G117,098m (US$20,305,151) in 2016 more than 20.95 per cent compared to 2013; 18.81 per cent compared to 2014, and 10.41 per cent compared to 2015.

The board distributed a total of 30 per cent (G35,129,514,740 ) to the municipal governments, 30 per cent to the departmental governments, 30 per cent to the Department of Social Welfare and Assistance (DIBEN) and 10 per cent (G11,709.838.247) to the Treasury.

According to the gaming board 77.59 per cent of its income was generated by quinela. September saw tax revenues reaching a record high of Gs.10.172bn of which more than Gs.8.3bn was generated by the game. In October 2015, the board announced that the fixed rate on quinela, had been changed from a fixed fee to a one per cent tax on revenues and this has led to a big increase in revenues for the board. Meanwhile 12.77 per cent was generated by casinos, 5.61 per cent by Telebingo and 1.25 per cent was raised for the state via special promotions. The figures also show that sports betting is still extremely limited in Paraguay as it accounted for just 1.05 per cent of gaming generated revenues. However this could soon increase as last year the board announced that it was preparing to allow a foreign operator the opportunity to offer sports betting in Paraguay. Meanwhile bingo accounted for just 0.58 per cent of revenues.

In the statement the board also announced that it was focusing further on tightening controls over the industry and had initiated a crackdown on all those commercial premises which have been found to be offering gaming without a licence and on illegal operators. Improved revenues are the result of the continued application of technology in controlling the operation of gaming as well as the intensification of audits on gaming, the board said. As a result the board is expected to increase gaming tax revenue considerably by the end of 2017.

Comments are closed.

Related Stories

Japan – Adelson promises $10bn investment on Japan’s ‘holy grail’

Sheldon Adelson, Chairman of Las Vegas Sands, has described a Japan casino licence as the ‘holy grail’ of casino gaming, promising to invest up to...
Read More

Malta – Maltese government confirms ongoing action against Casino di Venezia

The Maltese government has said it is still in the process of trying to repossess the site of the Casino di Venezia site in Vittoriosa which was close...
Read More