Betting and Sweepstake Duties Act |
Betting and Sweepstake Duties Order |
O 1 |
G.N. No. S 204/2005 |
REVISED EDITION 2007 |
(2nd July 2007) |
[1st April 2005] |
Citation |
1. This Order may be cited as the Betting and Sweepstake Duties Order. |
Duty on betting |
Duty on sweepstakes |
3.—(1) The duty charged under section 3(2) of the Act on every sweepstake promoted by an exempt organisation specified in the Third Schedule to this Order shall be 30% of the amount contributed towards the sweepstake.
|
Sports betting duty |
4.—(1) The sports betting duty charged under section 4 of the Act in respect of any betting at fixed odds on any particular football game or sporting event promoted in Singapore by or on behalf of an exempt organisation specified in the Fourth Schedule to this Order shall be an amount equal to 25% of the gross betting profit of the exempt organisation in respect of such betting.
|
GST excluded |
5. The amount of goods and services tax charged on the supply of the betting or sweepstake transactions, as the case may be, shall be excluded in calculating —
|