Casino tax rates to rise; entry levies up by 50%
A tiered tax structure takes effect from March 2022; higher levies start Thursday
Add BT as a preferred source
Singapore
THE government will be introducing a tiered casino tax structure with higher tax rates effective in March 2022, on the back of additional gaming provisions for Singapore's two integrated resorts (IRs) as they commit to a S$9 billion investment to ramp up facilities and attractions over the next few years.
This will be accompanied by a 50 per cent increase in casino entry levies for Singaporeans and permanent residents which kick in on Thursday.
TRENDING NOW
Johor property old hand KSL readies family handover amid market boom
Seatrium eyes S$28 billion in project opportunities amid global race for energy security
China targets offshore billions in biggest crackdown in decades
Trek 2000 shares jump 26% after Osim founder Ron Sim drops claims, sells 7.3% stake to Azure Capital
