In Japanese Casinos Will Be Vigilantly To Watch The Purchase Of Chips And Introduce A Tax On Winning

The gambling industry of japan, the rules of which are still not finally formed, can borrow a system of the united states regarding the introduction of a gain tax. In addition, it is assumed that the administration of gambling establishments will be vigilate to watch the acquisition of chips.

Information was provided by the japanese news agency kyodo. We are talking about the use of integrated system resorts «temporary income». Currently, the work of the hippodrome is regulated in this way.

Presumably, the administration of gambling establishments will register the number of purchased chips at the checkout and the game tables.

Nevertheless, the amount of the tax rate on the winnings is still early to speak, because more large-scale tax rules are not defined.

In the interests of the government, to organize the system in such a way that foreigners who come to the country to play, paid the tax on winning until the state border crossing. After the tourists go home, to recover from them the funds will be extremely difficult. Such systems are characteristic of countries with developed industries of gambling – united states and south korea.

It is planned that the size of the gain tax rate will be determined as part of the adoption of the tax reform package for the 2020th. New rules will take effect in april 2021.

At the same time, experts note that in japan, the process of approving the nuances of the gambling industry was pretty, theraefore, most likely, the official opening of the first integrated resort in the country will not take place earlier than in 2025.

According to the latest data, the process of filing applications for licenses shold start january 4, 2021. However, a government official who wished to preserve anonymity, said that the tax rules were determined. The latter can have a significant impact on investment solutions of operators.

Recall that the government of hokkaido confirmed rumors that the prefecture officially refuses to participate in the race for the right to place the integrated resort on its territory.