Betting and Sweepstakes Duties Act |
Betting and Sweepstakes Duties (Sports Betting Duty — Variation of Rate) Order 2001 |
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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] |