However, Sánchez pointed out that it is an activity not regulated by the State and that it evades taxes, in addition to the fact that capital leaves Peru for tax havens such as Malta and Curaçao.
"By applying a 12% direct tax to this activity, the annual collection will allow the collection of more than US$ 40 million per year," the official emphasized.
This initiative will help tax revenues and will benefit investments in sports and regional tourism; added to that it will guarantee transparency in the gaming sector, the prevention of fraud, and money laundering, as well as protect minors and gamblers by authorizing, controlling and supervising the betting business.
"We respect free trade, but with responsible companies that pay taxes on gambling, consumption and online advertising, but must have duly authorized permits in Peru," Sánchez said.
This preliminary draft will be evaluated and debated in the Council of Ministers in future sessions.
Source: La Republica (Peru)
