The government taxes the gross gaming revenue (GGR) of Macau casinos at a rate of 35%, but other levies on casino gaming gross raise the tax rate to 39% in effect.
Other taxes on the Macau gambling sector include levies on the income of Chinese traditional lotteries, on horse racing, and on instant lotteries. There is also tax on commissions earned by operators of gambling junkets.
Aggregate Macau casino GGR in 2020 stood at US$ 7.56 billion, a contraction of 79.3% year-on-year.
The Macau government expected to collect nearly US$ 3.7 billion in taxes from the city’s gaming industry in 2020, according to a second revision to the fiscal year 2020 budget plan, approved in December.
Macau’s casino GGR for 2021 might only reach US$ 16.3 billion, 44.5% of 2019′s US$ 36.7 billion, as “harsh” economic conditions are likely to persist, and recovery from the COVID-19 pandemic will “take time”, said in November the city’s government in its budget proposal for the fiscal year 2021.
Source: GGR Asia
