• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Features
  • Industry Talk
  • Trends & Tech
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

LDP, Komeito back no Japan tax on casino wins by foreigners

Dec 10, 2020 Newsdesk Japan, Latest News, Top of the deck  


LDP, Komeito back no Japan tax on casino wins by foreigners

Japan’s governing coalition – the Liberal Democratic Party (LDP) and Komeito – announced on Thursday an outline tax reform plan for the fiscal year 2021, including a proposal that foreign visitors using any of the country’s planned casinos should not be taxed on any winnings.

Other people in Japan would, however, be taxed on casino winnings in a manner similar to how winnings are dealt with for wagers placed on the country’s state-run betting activities, according to information collated by GGRAsia’s Japan correspondent.

The governing parties also suggested there should be no consumption tax on casino gross gaming revenue (GGR).

Regarding corporate tax for eventual operators of integrated resorts (IRs) – as such schemes are known in that country – cash rebates paid by the house to customers should be deductible from taxable revenues. “Comps”, understood in the industry as meaning complimentary accommodation, food and drink, and other offers to clients, should also be treated as an advertising cost and should also be deductible from taxable revenues, according to the tax reform outline.

The tax reform plan will need to be subject to a resolution of the Japanese cabinet before it can take the form of a law bill to be submitted to the country’s parliament for consideration. Specific formulas for calculating casino-related tax items would also be discussed at a later date.

An enabling bill to Japan’s IR Implementation Bill, approved in July 2018, had clarified several key points regarding the country’s nascent industry. They  included: an initial cap of three casino resorts nationwide; a 30 percent tax on casino GGR; and an entry levy of JPY6,000 (US$57) for Japanese citizens and residents wishing to enter such venues.


  • tweet
Related articles
  • MGM-Orix still only casino suitor after Osaka RFP extension
    MGM-Orix still only casino suitor after...

    Apr 06, 2021  

  • Osaka solicits new participants for casino RFP up to April 6
    Osaka solicits new participants for...

    Mar 19, 2021  

More news
  • Jeju Lotte casino shut, ready for permit swap to Dream Tower
    Jeju Lotte casino shut, ready for...

    Apr 09, 2021  

  • GEN Sing 2022 EBITDA to be below 2019 levels: Moody’s
    GEN Sing 2022 EBITDA to be below 2019...

    Apr 09, 2021  


Latest News

Jeju Lotte casino shut, ready for permit swap to Dream Tower

Jeju Lotte casino shut, ready for permit swap to Dream Tower

Apr 09, 2021  

Lotte Tour Development Co Ltd has closed its Jeju Lotte Tour Casino on the southern coast of the South Korean holiday island of Jeju, with effect from Friday morning. That was in preparation for...
Read More
GEN Sing 2022 EBITDA to be below 2019 levels: Moody’s

GEN Sing 2022 EBITDA to be below 2019 levels: Moody’s

Apr 09, 2021  

Guangdong urges cross-border bet criminals to surrender

Guangdong urges cross-border bet criminals to surrender

Apr 09, 2021  

Lawrence Ho awarded US$10mln in Melco Resorts shares

Lawrence Ho awarded US$10mln in Melco Resorts shares

Apr 09, 2021  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day


110,000

Total number of suspects "apprehended" by Chinese police since 2020 as part of its anti- cross-border gambling operations



Most Popular

  • GEN Malaysia may deleverage within 2 years says FitchGEN Malaysia may deleverage within 2 years says Fitch April 7, 2021
  • Macau daily visit volume down 17pct m-o-m for April 2 to 6Macau daily visit volume down 17pct m-o-m for April 2 to 6 April 8, 2021
  • Moody’s expects MGM, Wynn to pursue large IR development Moody’s expects MGM, Wynn to pursue large IR development  April 8, 2021
  • China bans travel for 89, says some had overseas bet linksChina bans travel for 89, says some had overseas bet links April 6, 2021
  • Studio City new water park launches May 22: MelcoStudio City new water park launches May 22: Melco April 1, 2021
Copyright 2014-2021 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us