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Online Games

Peru: Online betting houses have until March 13 to request authorization to operate

Monday 12 de February 2024 / 12:00

2 minutos de lectura

(Lima).- Mincetur has already identified 115 companies that offer this type of services in the country, of which 86 are non-domiciled and 29 are Peruvian. Find out when authorized betting houses will begin to be taxed.

Peru: Online betting houses have until March 13 to request authorization to operate

The Minister of Foreign Trade and Tourism, Juan Carlos Mathews, announced that companies that offer remote sports betting and gaming services must virtually present their application to be granted operating authorization from Tuesday, February 13 until on Wednesday, March 13. These types of companies will begin to pay a tax of 12% of their net profit.

This is important news: putting Law No. 31557 and its regulations into operation will allow regulating the exploitation of remote gaming and remote sports betting, generating a regulated economic movement with payment of taxes. And, above all, provide security for the bettor, responsible gaming and the formalization of the activity,” indicated the head of Mincetur.

The entity specified that registration is essential for companies to offer their services in the country. Otherwise, they will be subject to a penalty of no less than S/772,500 (150 UIT) and, in addition, to a criminal complaint and disqualification from carrying out activities.

The minister explained that a “white march” – that is, a pre-registration – is currently active, in which certification laboratories, companies that offer remote gaming and remote sports betting, and service providers can enter. your data.
This will allow adequate operation of the Mincetur computer system, by addressing all the requests that begin to be received as of next February 13. To access this prior registration, interested parties must enter the following link:

“This will be important, because 115 companies have been identified that have been offering remote gaming and sports betting services in the country, of which 86 are non-domiciled and 29 are Peruvian. This marks the clear vision of responsible gaming and strict compliance with the law and its regulations,” the official emphasized.

From when will online betting houses start paying taxes?

Once the companies meet the requirements and are authorized by Mincetur, this is from April 1, they will be subject to the taxes. Thus, it is estimated that, by virtue of this norm, the Peruvian State will be able to raise close to S/162 million annually, an amount that will be invested in the reactivation of tourism, tourist infrastructure works, promoting sports and addressing mental health programs. This will not affect betting or the payment of prizes.

What is Law No. 31557 about?

The law that regulates the exploitation of remote gaming and sports betting indicates, among various aspects, that the Mincetur is the administrative authority at the national level that regulates, authorizes, revokes, supervises and sanctions the exploitation of remote gaming and sports betting. from distance.

The legal device maintains that only those natural persons of legal age, of Peruvian or foreign nationality, previously registered on the technological platforms for remote sports betting or games authorized for exploitation by Mincetur, may participate in this activity.

In the case of remote sports betting gaming rooms, these may be located in a location exclusive to this activity or others whose main purpose is the sale of other products or services.

Regarding betting, the new law indicates that the player must pay for his bets with currency, credit cards, debit cards or any other means of payment, with the exception of cryptocurrencies.

In the case of obtaining prizes, these may be collected by the payment method that the player chooses or, failing that, through an account in his name, opened in a company in the financial system under the supervision of the SBS.

It should be noted that only those sporting events that are part of national or international associations, federations or sports leagues can be subject to sports betting.

Categoría:Online Games

Tags: Sin tags

País: Peru

Región: South America


ICE London 2024

06 de February 2024

“At ICE London, in addition to the V- Line, we showcased a range of other exciting products designed to revolutionize the gaming experience”, Tjasa Luin, Alfastreet

(London, SoloAzar Exclusive).- Tjasa Luin, CEO at Alfastreet, granted an interview to SoloAzar to talk about the company's recent participation at ICE in London, where they showcased their new V-Line, launching the new V10 alongside with the V-8. She also told us about the firm's work strategy for this year and for ICE Barcelona 2025: to continue innovating in technology in their product line to keep providing the best user experience.

Thursday 29 Feb 2024 / 12:00

GLI presented its full compliance services at one of the world's largest gaming events: ICE London 2024

(London, SoloAzar Exclusive).- ICE London recently concluded its last edition in London Excel. James Illingworth, Vice President of Sales EMEA at GLI Europe, took the opportunity to talk with SoloAzar about the firm’s aim, the future of technology, AI, and the full regulatory compliance services to help attendes, customers, and potential customers from all over the world.

Wednesday 28 Feb 2024 / 12:00

Alfastreet celebrates a successful showcase at ICE London 2024

(Sezana).- Alfastreet, a global leader in producing high-quality gaming terminals, is thrilled to announce its success at the recent ICE 2024 in London. The event was a major showcase, bringing together industry leaders for detailed discussions on the latest legal and development trends. It provided the perfect platform for Alfastreet to introduce its newest innovations and reinforce its presence in the global market.

Wednesday 28 Feb 2024 / 12:00


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