{"id":5051,"date":"2023-06-30T06:41:42","date_gmt":"2023-06-30T06:41:42","guid":{"rendered":"https:\/\/slategray-wallaby-310340.hostingersite.com\/index.php\/2023\/06\/30\/peru-approves-amendments-to-gaming-regulations-to-close-tax-loopholes-and-enhance-consumer-protection\/"},"modified":"2023-06-30T06:41:42","modified_gmt":"2023-06-30T06:41:42","slug":"peru-approves-amendments-to-gaming-regulations-to-close-tax-loopholes-and-enhance-consumer-protection","status":"publish","type":"post","link":"https:\/\/casino-online-best.com\/index.php\/2023\/06\/30\/peru-approves-amendments-to-gaming-regulations-to-close-tax-loopholes-and-enhance-consumer-protection\/","title":{"rendered":"Peru Approves Amendments to Gaming Regulations to Close Tax Loopholes and Enhance Consumer Protection"},"content":{"rendered":"
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The Republic of Peru recently passed Law No 31,806, which makes significant changes to its gaming legislation. The revised legislation intends to fill flaws in the existing statute, which accidentally exempted foreign operators from paying taxes. Significant changes in the new laws include increased license prices and the adoption of a point-of-consumption regime. Furthermore, the bill increases consumer protection measures by instituting know-your-customer (KYC) standards and placing prohibitions on sports betting. These revisions will go into effect 20 days after they are published in the federal gazette on July 18.<\/p>\n

The updated regulations will result in considerable increases in license costs for operators. The new fee system mandates that operators pay 3% of their net income or Sol2.97 million, whichever is greater. This is a threefold increase over the previous price of Sol990,000, with the goal of ensuring that operators contribute fairly to the country\u2019s tax revenue.<\/p>\n

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