Betting and Sweepstakes Duties (Sports Betting Duty — Variation of Rate) Order 2001
Status:
Published in Subsidiary Legislation Supplement
on 01 Jun 2001
on 01 Jun 2001
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Betting and Sweepstakes Duties (Sports Betting Duty — Variation of Rate) Order 2001
Status:
Published in Subsidiary Legislation Supplement on 01 Jun 2001
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No. S 292
| Betting and Sweepstakes Duties Act |
(Chapter 22)
| Betting and Sweepstakes Duties (Sports Betting Duty — Variation of Rate) Order 2001 |
|
| Citation and commencement |
| 1. This Order may be cited as the Betting and Sweepstakes Duties (Sports Betting Duty — Variation of Rate) Order 2001 and shall come into operation on 1st June 2001. |
| Variation of sports betting duty |
| 2. For the purposes of section 4(2) of the Act, the Minister hereby prescribes the rate of duty to be 25% of the gross betting profit of the exempt organisation in respect of any betting at fixed odds it promotes in connection with any particular football game or sporting event. |
Made this 31st day of May 2001.
Permanent Secretary, Ministry of Finance, Singapore. |
| [MF(R)R1.2.001 Vol. 6; AG/LEG/SL/22/2001/1 Vol. 1] |