Peru’s president Dina Boluarte has signed off on the country’s new gambling laws, meaning that license costs will triple to Sol2.97m ($814,000).
[On 28 June], the Republic of Peru approved Law No 31,806, a set of amendments to the country’s gaming regulations. The amended text will fix a number of gaps in the original legislation which effectively exempted foreign operators from tax.
One major shake-up is that licence costs are to rise to 3% of net income or Sol2.97m, whichever is higher. This is triples the previous Sol990,000 licence fee.
The law also establishes a point-of-consumption regime. All online gambling businesses operating in the South American country are now required to use a Peruvian domain address.
