Thailand Plans to Impose 17% Tax on Casinos
Thailand is gearing up to legalize gambling and is in the process of drafting new legislation to regulate the industry. The proposed bills, set to be reviewed by the House of Representatives by the end of March, are expected to receive widespread approval.
Experts anticipate that the legislation will pass smoothly through parliament and subsequently gain approval from the Cabinet of Ministers.
The Comprehensive Entertainment Establishment Law outlines the organizational framework of the industry, including licensing requirements, social security regulations, and criteria for establishing entertainment complexes in Thailand.
Under the proposed law, two committees will be established: the Integrated Entertainment Policy Committee, headed by the Prime Minister, responsible for setting policies, issuing licenses, and overseeing the industry's structure, and the Integrated Entertainment Management Committee, comprised of government officials tasked with addressing complaints, devising plans, and managing the operations of gambling activities.
Thailand's government aims to attract foreign investment by implementing a comparatively low tax rate for the industry. In contrast, the Philippines imposes a 25% casino tax, while Japan levies a 30% tax on casinos.
20 March 2024, 20:00
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