After becoming the first chief of the Taxation and Social Welfare Authority for Gaming, Mario Cazón Morales has promised to establish and police the new gambling regulations and laws in Bolivia. Cazón has wide experience in finance, including General Manager of the National Taxation Service (SIN) and various top administrative and government positions in the Bolivian capital and the provinces.
In a government communiqué, the Minister of Economy and Public Finances, Luis Arce, said that the naming of Carlos Cazón would consolidate the new Law 060 for Lotteries and Gambling, which creates a gaming tax regime. The new Gaming Authority will develop a platform by which the Bolivian state will gradually recoup the control of gambling activity, which previously was neither properly regulated nor taxed.
The Gaming Authority will grant gambling operator licences throughout Bolivia as well as authorise social and commercial lotteries. It also will apply sanctions for any infractions of the new law. Law 060 has fixed a gambling tax on operators of 30% on gross monthly gaming revenue. Players will pay a 15% tax on the price of tickets, chips, coupons and all gaming related purchases. The tax will be collected by the operator, who will be required to make payment directly to SIN. (E-03.02.11)
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