he bill, which became effective yesterday, will entail taxes on slots and other digital betting devices installed in casinos and other state-approved entertainment venues. Taxes, set at 0.75% on the betting amount, will apply only on the original bet by the player, and not on the prizes offered by the slots.
Additionally, prizes obtained from betting and horserace will be regulated under the Impuesto a la Renta de las Personas Físicas (translates as Taxes on Revenue for Natural Persons). Prizes below USD 372.670 or 71 fold inferior to the betting amount will be exempted from tax.
Taxing amonts will be determined by the difference between the amount awarded and the bet posed by the players, applying a 12% aliquot on the latter. Deductions will be triggered as the prize is made known to the player.