Peru sports betting tax law threatens thousands of local jobs, industry group says

Peru sports betting tax law threatens thousands of local jobs, industry group says

Article brief provided by SBC Americas
  • Conor Porter, SBC Americas
July 20, 2022 10:14 PM
  • Conor Porter, SBC Americas

The Peruvian Sports Betting Association (APADELA) has expressed tax concerns after Peru’s Congress of the Republic approved a sports betting and remote gaming law.

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Specifically, the trade association identified a provision allowing operators to avoid paying a certain tax if they don’t have a branch in the country as an area of contention in the legislation.

In a statement, the APADELA argued that this decision was made without considering that all those who operate in the sector must pay the same tax, which could affect thousands of local jobs generated by the industry.

On July 15, Congress voted in favor of a bill that established a 12% income tax only for betting companies residing in Peru and foreign companies with branches in the country.