Prime Minister and Finance Minister announce lottery tax to be imposed on income of boledo/lottery concessionaire – claims $60m lost under Barrow regime
Posted: Friday, May 13, 2022. 11:05 a.m. CST.
By Aaron Humes, Belmopan: Monthly gross income from government lotteries will now see a 12.5% tax added, including boledo and Sunday jackpot.
Tabling in the House the Lotteries Control (Amendment) Regulations 2022, Prime Minister and Finance Minister John Briceño explained that the main law does not provide any exemption from this tax, which is in addition to corporate taxes. and income and is set by the responsible minister. .
In 2011, Briceño said, the Dean Barrow administration, through Statutory Instrument 88 of 2011, exempted government lotteries from the tax – all others pay and continue to pay.
“It is curious, to put it mildly, that such an alleged lottery tax exemption was introduced at a time when Boledo and other government lotteries were being privatized, so that only one party, the concessionaire, would benefit from such an exemption,” the Prime Minister said, further noting that there had been speculation about who owned the franchise and therefore benefited.
But the current administration reinstated the tax, determining that there is nothing to authorize the exemption, which Briceno said has cost the government at least $60 million over the past decade at a time when Things were tough and got even tougher during the COVID-19 pandemic.
Reports suggest that the concessionaire would challenge the case in court, but we understand that the government has not been officially notified of such a challenge.
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