Page:Casino Control Act 2006.pdf/100

100 (3) Any casino operator who fails to comply with subsection (1) or (2) shall be liable to disciplinary action.   PART IX CASINO TAX Payment of casino tax

146.—(1) A casino operator shall pay to the Comptroller a casino tax every month during which the casino operator holds a casino licence.

(2) The amount of casino tax payable under subsection (1) shall be—
 * (a) 5% of the gross gaming revenue for the month from premium players; and
 * (b) 15% of the gross gaming revenue for the month from any other player.

(3) The rates of tax specified in subsection (2) shall not be increased for a period of 15 years commencing from the date on which a second site for a casino is designated by an order made under section 2(2).

(4) The Minister may make regulations—
 * (a) prescribing the time and manner of payment of the casino tax;
 * (b) prescribing the returns, declarations, statements or forms to be submitted by a casino operator;
 * (c) prescribing the records to be kept by a casino operator to determine the gross gaming revenue (from premium players or otherwise) for each month; and
 * (d) generally to give effect to the provisions of this Part.

(5) Regulations made under this section may provide that any contravention of any provision of the regulations shall be an offence punishable with a fine not exceeding $10,000 or with imprisonment for a term not exceeding 12 months or with both.

(6) In this Part—
 * “Comptroller” means the Comptroller of Income Tax appointed under section 3(1) of the Income Tax Act (Cap. 134);