Project for regular online betting platforms advances in Congress and companies warn of “excessive tax burden”
Friday 24 de November 2023 / 12:00
⏱ 1 min read
(Santiago).- The Finance Commission of the Chamber of Deputies sent this Wednesday the bill that seeks to regulate the development of Online Betting Platforms (PAL) to a general vote in the Chamber, after also approving the articles associated with the taxation of this technology industry and the fiscal resources associated with this new regulation.
Carlos Baeza, the advisor of Betsson, Betano, BetWarrior, Coolbet and Latamwin, stated that concern continues over the approval of a 38% tax burden. "Chile would be one of the countries with the highest tax structure in the world, (Holland 29%, Denmark 28%, Spain 20%, United Kingdom 18%, Colombia 16%, Peru 12%), which generates less 'channelization'. ', a concept that describes the transfer of users from an unregulated market to a regulated one, a disincentive to generate operations in the country and therefore lower tax collection," said the expert.
Other conflicts In addition, the cooling off was approved, a period in which current operators will not be able to participate in the regulated market, thus benefiting physical casinos, the Polla Chilena de Beneficencia and the Concepción Lottery. Baeza pointed out that “this regulatory design proposed by physical casinos and Polla directly affects users, because by attacking free competition and preventing access to actors who today provide a world-class service and who would meet all the requirements to operate. In the transitional period, they are reduced to an offer where the safety of users is protected and whose processes are certified by international standards.”
Baeza pointed out that “it is essential that future regulations put the interest of users first, following the example of what happens in more than 70% of OECD countries, which have chosen to promote the creation of a competitive market, by just as it has been done in other countries, such as Canada, the US and Colombia,” added Baeza.
Categoría:Reports
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País: Chile
Región: South America
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