Government's income from gaming taxes rose 46.2 % year-on-year
Macau's casino taxes account 84% of government revenue
(Macau).- Direct taxes from gaming businesses generated 84.4 % of total revenue of Macao Special Administrative Region (SAR) government in the first five months of this year, the Macao Post Daily reported this week.
2011-06-29
Reading time 24 seg
The newspaper quoted latest statistics from the city's Finance Service Bureau (DSF) as saying that the SAR government's income from gaming taxes rose 46.2 % year-on-year to US$ 4.39 billion between January and May.
Local casinos' direct tax rate stands at 35 % of their gross receipts.
The official figures also indicated that total revenue of the SAR government in the first five months amounted to US$ 5.2 billion, up 46.4 % year-on-year. Its total expenditure stood at US$ 1.52 billion, a year-on-year increase of 69.9 %.
The government's overall surplus grew 38.4 % year-on-year to US$ 3.68 billion, according to the figures.
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