Casino Control (Casino Tax) Regulations 2010
Table of Contents
Enacting Formula
Part I PRELIMINARY
1 Citation and commencement
2 Definitions
3 When premium player tax rate applies
Part II FURNISHING OF RETURNS AND KEEPING OF RECORDS
4 Furnishing of returns by casino operator
5 Supplementary provisions on returns and reports to be furnished by casino operator
6 Payment of casino tax
7 (Deleted)
7A Record keeping
Part III COMPUTATION OF NET WIN
8 General rules for computation of net win where casino operator is party to wager
9 Deductions allowed from net win
10 Treatment of jackpot payouts
11 Net win for table games
12 Net win for games played on gaming machine
13 Net win for counter games
14 Tournaments, card games and other games
15 Valuation of non-monetary prizes
Part IV TREATMENT OF LOSSES
16 Deduction of losses incurred
17 Adjustment of unabsorbed losses between gross gaming revenue subject to tax at different rates
Part V AUDITS IN RELATION TO CASINO TAX
18 Internal audit and submission of audit plan
19 External audit
Part VI OBLIGATIONS OF CASINO OPERATOR IN CLASSIFYING AND VERIFYING OF GROSS GAMING REVENUE FROM PREMIUM PLAYERS
20 Classifying and verifying of gross gaming revenue from premium players and non-premium players