Macau’s government earned $14.88 billion ($1.84 billion) in fiscal revenues from taxes on games in the first two months of 2024, the latest data released by the Macau Financial Services Bureau on Friday showed.

Total tax collections so far this year are up 142.9% year-over-year.

In February this year alone, the government collected about 7.46 billion in gaming tax revenue, up 1.6% from the previous month.

Under Macau’s 10-year game subsidy scheme, which took effect on January 1 last year, the effective tax on casino gross game income (GGR) is 40%.

Tax collection figures for certain calendar periods and urban casino GGRs for such periods are not directly comparable for a number of reasons. This usually includes the fact that there is a delay between when the GGR is recorded in Macau casino operations and when the Macau government registers it as having paid taxes.

According to the government’s 2024 budget, gaming tax revenue this year is expected to be close to $83.61 billion in MOPs.

Macau authorities collected MOP652.6 billion in revenue from gaming taxes for all of 2023, achieving a surplus of 28.3% from last year’s budgeted gaming tax revenue.

BY: 실시간 바카라사이트