Tax on gambling - Taxes and taxation

Chapter 25. Tax on gambling

Tax on gambling - a regional tax, levied on the basis of Ch. 29 of the US Tax Code. Chapter 29 of the US Tax Code is introduced by Federal Law No. 182-FZ of December 27, 2002, "On Amendments and Additions to Part Two of the Tax Code of the United States and Certain Other Acts of the United States Tax Law." Chapter 29 of the US PC entered into force on January 1, 2004.

For the purposes of Ch. 29 of the US Tax Code the following concepts are used:

gambling business is an entrepreneurial activity related to the organizations' extraction of revenues in the form of winnings and/or gambling fees and/or wagers that are not sales of goods (property rights), works or services;

the playing field - a special place on the gaming table, equipped in accordance with the rules of gambling, where gambling is played with any number of gambling participants and only one employee of the gambling organizer participating in the specified game .

Taxpayers taxes on gambling are recognized by organizations that carry out entrepreneurial activities in the gambling business.

Objects of taxation are recognized:

1) The gaming table;

2) the gaming machine;

3) the processing center of the tote;

4) the processing center of the bookmaker office;

5) the point of acceptance of betting parlors;

6) the point of accepting betting of the bookmaker office.

For the purpose of Ch. 29 US pcs, each of the above taxable items is subject to registration with the tax authority at the place of installation (the location of the point of acceptance of the rates of the bookmaker's office or sweepstakes, the processing center of the totalizator or the processing center of the bookmaker's office) of this object of taxation no later than 2 days before the date of installation the point of accepting the rates of the bookmaker's office or totalizator, the processing center of the tote or the processing center of the bookmaker's office) of each object of taxation. Registration is carried out by the tax authority on the basis of a taxpayer's application for registration of the tax object (objects) with mandatory issuance of a certificate of registration of the tax object (s).

Taxpayers who are not registered with the tax authorities on the territory of the US subject where it is established (established), the tax object (s) are opened (opened), must be registered with the tax authorities at the location (location) of such an object such objects) of taxation not later than 2 days before the date of installation (opening) of each object of taxation.

The taxpayer is also required to register with the tax authorities at the place of registration of taxable objects any change in the number of taxable objects not later than 2 days before the date of installation (opening) or disposal (closing) of each taxable object.

The object of taxation is considered to be registered from the date of submission by the taxpayer to the tax authority of the application for registration of the tax object (s). The object of taxation is considered to be withdrawn (closed) from the date of submission by the taxpayer to the tax authority of an application for registration of changes (decreases) in the number of objects of taxation.

The application for registration of the object (objects) of taxation is submitted by the taxpayer to the tax authority personally or through its representative or sent as a mail item with a list of attachments.

The tax authorities are required to issue a registration certificate or make changes related to the change in the number of taxable items to the certificate issued within five days from the date of receipt of the application from the taxpayer for registration of the tax object (objects) of taxation (on changing the number of taxable objects).

For each of the objects of taxation tax base is determined separately as the total number of relevant tax objects.

A tax period recognizes a calendar month.

Tax rates are set by the laws of US entities within the following limits:

1) for one game table - from 25 000 to 125 000 rubles.

2) for one slot machine - from 1500 to 7500 rubles.

3) for one processing center of the tote - from 25 000 to 125 000 rubles.

4) for one processing center of the bookmaker office - from 25 000 to 125 000 rubles.

5) for one point of acceptance of betting parlors - from 5000 to 7000 rubles.

6) for one point of accepting betting of the bookmaker office - from 5000 to 7000 rubles.

If the tax rates are not established by the laws of US entities, tax rates are set in the following sizes:

1) for one game table - 25 000 rubles.

2) for one gaming machine - 1500 rubles.

3) for one processing center of the totalizator -25 000 rubles.

4) for one processing center bookmaker office - 25 000 rubles.

5) for one point of taking betting a tote of 5000 rubles.

6) for one point of accepting betting of the bookmaker office - 5000 rubles.

The amount of tax on gambling is calculated by the taxpayer independently as the product of the tax base established for each taxable object, and the tax rate established for each object of taxation. In the event that one gaming table has more than one playing field, the tax rate at the specified gaming table increases in multiples of the number of game fields.

The tax return for the expired tax period is submitted by the taxpayer to the tax authority at the place of registration of taxable objects no later than the 20th day of the month following the expired tax period. The tax return shall be completed by the taxpayer, taking into account the change in the number of taxable items for the expired tax period. Taxpayers, classified as the largest, from January 1, 2008 submit tax returns (calculations) to the tax authority at the place of registration as the largest taxpayers.

When installing (opening) a new object (new objects) of taxation until the 15th day of the current tax period, the amount of tax is calculated as the product of the total number of relevant taxation objects (including the established (open) new object of taxation) and the tax rate established for these objects of taxation. In case of installation (opening) of a new object (new objects) of taxation after the 15th day of the current tax period, the amount of tax on this object (these objects) for this tax period is calculated as the product the number of these objects of taxation and the x/2 tax rate established for these objects of taxation.

With retirement (closing) of the object (s) of taxation until the 15th day (inclusive) of the current tax period, the amount of tax on this object (these objects) for this tax period is calculated as the product of the number of these objects of taxation and 1/2 of the tax rate established for these objects of taxation. When the object (objects) of taxation after the 15th day of the current tax period is left (closing), the tax amount is calculated as the product of the total number of relevant tax objects (including the withdrawn (closed) object objects) of taxation) and the tax rate established for these objects of taxation.

The tax payable on the basis of the tax period results is paid by the taxpayer at the place of registration with the tax authority of taxable objects not later than the 20th day of the month following the expired tax period.

Also We Can Offer!

Other services that we offer

If you don’t see the necessary subject, paper type, or topic in our list of available services and examples, don’t worry! We have a number of other academic disciplines to suit the needs of anyone who visits this website looking for help.

How to ...

We made your life easier with putting together a big number of articles and guidelines on how to plan and write different types of assignments (Essay, Research Paper, Dissertation etc)