The measure was approved with 2009 budget
A new games of chance tax to be added in the City of Buenos Aires
(Argentina).- The budget of the City of Buenos Aires was approved, with 34 votes in favor, 11 against and 14 abstentions, and among the measures announced, a new tax of 8% was incorporated to the gambling venues and slot halls of the city.
2008-12-29
Reading time 23 seg
The Budget, Fee and Fiscal laws for the City were sanctioned after an agreement between legislators of PRO and Coalición Cívica.
They contemplate the annulment of controversial tax rises –such as the increment of Gross Income to supermarkets or to deals between private parties- and plan the incorporation of a games of chance fee of 8% to slots and gambling venues.
According to different estimations, this tax might mean an income of around us$ 447 million and us$ 537 million.
Besides, a 4.5% increment would be applied to the sale of games of chance tickets and to bingos.
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