No tax on casino winnings in Taiwan
Yang, who is in charge of drafting a bill stipulating regulations for the operation of casinos, said that the bill was expected to be approved by the government by the end of this month, and then to be referred to the legislature, the Taipei Times reported. Initially, the Taiwanese government was proposing that customers pay 20 % tax on any money they won at a casino.
In 2009, Taiwan’s legislature passed a law allowing the development of casinos on outlying islands in the Taiwan Strait, if residents approved them through referendums. The aim was for gaming to spark development.
In July last year, residents of the outlying island chain of Matsu voted 57 % to 43 % in favour of casino gambling. But Taiwan still requires a bill stipulating regulations for the operation of casinos before it can invite bids to build and run casinos.
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