News

Point of consumption tax consultation launched in NSW

The government of New South Wales, Australia, launched a public consultation today into the proposed implementation of a point of consumption tax for online betting.

The New South Wales (NSW) government is seeking feedback on whether wagering taxes should switch from the current point of supply arrangement to one based on the location of the consumer.

The government notes that online wagering has experienced significant growth in recent years without benefiting the state, as most operators are located offshore or out of state and are not subject to the state's point of sale tax.

"Other states and territories have changed the way they tax wagering following the rise of online betting, which is something we are also considering here in NSW," Treasurer Dominic Perrottet said.

"At this stage, we want to get a better understanding of how such a change would operate and whether it is the right move for NSW, so we want all interested parties to have a say."

South Australia became the first Australian state to switch to a point of consumption tax for online wagering in July 2017, with Western Australia set to follow suit on January 1st, 2019. The local governments in Queensland and Victoria are also considering the move.

The NSW government published its discussion paper today (March 8th) and interested parties are invited to submit their views to the NSW treasury by March 29th.


GamingIntelligence

Back To All News

Tags: Curacao gaming licence,gaming licence,Financial Institution Licence,Payment Institution,Incorporation of company in Malta,Malta gaming licence,online gaming license,Incorporation of company in Bulgaria,E-Money licence