Japan to revisit IR tax guidelines, foreigners likely exempt from tax on winnings
Wednesday 02 de December 2020 / 06:10
2 minutos de lectura
(Japan).- Akira Amari, tax investigation chairman of the Liberal Democratic Party, announced on 26 November that changes to the tax environment relating to integrated resorts would be reflected in the 2021 tax reform, to be outlined in December.
Amari told reporters that the government would decide on the IR basics in the tax reform, and will establish a tax system prior to IR operator selection by local governments. The stance of the party was revealed after an executive meeting at the party headquarters on that day.
Regarding an IR tax system, the issue is how tax on the winnings of customers at a casino facility will be treated.
Amari explained, “If we don’t decide a system of taxation, it will be completely unpredictable and no operators will want to be involved.”
The Ministry of Land, Infrastructure, Transport and Tourism is requesting tax reform to eliminate the need for withholding tax on winnings and for it to be declared on a tax return as temporary income.
Further, Amari expressed his opinion that the taxation system would become the international standard. There are expected to be discussions to ensure cashouts from foreign customers are tax exempt.
In December 2019 the government and ruling party considered making it mandatory for operators to record the purchase amounts of chips by customers as well as wins and losses at Japan’s casino so that a withholding tax could be taken on winnings.
However, this method of taxation acts as a deterrent to customers and there are concerns it would therefore place an unnecessary burden on operators.
Categoría:Casino
Tags: Sin tags
País: Japan
Event
G2E - Las Vegas 2025
06 de October 2025
CT Interactive on Innovation, Networking, and Market Growth at G2E 2025
(Las Vegas, SoloAzar Exclusive).- The global gaming industry marked G2E’s 25th anniversary with a major gathering in Las Vegas. CT Interactive stood out for its innovative product development and international growth strategy. Account Manager LATAM at CT Interactive, Roberto Muñoz, shared insights on G2E’s importance, emerging trends, and the company’s collaborative expansion efforts.
Thursday 30 Oct 2025 / 12:00
Atlaslive Explored the Future of Gaming in Latin America at Recent G2E 2025
(Las Vegas, SoloAzar Exclusive).- Bruno Almeida, Head of Sales LATAM at Atlaslive, attended G2E for the first time to explore how land-based and online gaming are converging. His experience highlighted key trends shaping the Latin American market, from immersive casino innovations to strategic networking and regulatory insights.
Monday 27 Oct 2025 / 12:00
G2E 2025: Cristian Galarza, ASAP Director Explains the Importance of Attending the Event
(Las Vegas, SoloAzar Exclusive). - After attending the 25th anniversary edition of G2E in Las Vegas, ASAP’s director shares his perspective on the evolution of the industry, driven by digitalization, efficiency, and the creation of international networks that foster new business opportunities.
Tuesday 28 Oct 2025 / 12:00
SUSCRIBIRSE
Para suscribirse a nuestro newsletter, complete sus datos
Reciba todo el contenido más reciente en su correo electrónico varias veces al mes.