Page:Casino Control Act 2006.pdf/101

Rh :“gross gaming revenue”, in relation to a casino operator, means the amount determined by
 * A – B – C,
 * where A is the amount of bets received on all games by the casino operator;
 * B is the amount paid out as winnings on all games by the casino operator; and
 * C is the amount of goods and services tax payable by the casino operator in respect of transactions involving betting, sweepstakes, lotteries, fruit machines or gaming under the Goods and Services Tax Act (Cap. 117A);
 * “Minister” means the Minister for Finance.

Penalty for late payment

147.—(1) If any casino tax that is due and payable is not paid by a casino operator by the prescribed time, a penalty equal to 5% of the amount of casino tax payable shall be added thereto and be due and payable.

(2) If the amount of casino tax outstanding is not paid by a casino operator within one calendar month of the imposition of the penalty as provided by subsection (1), an additional penalty of 5% of the casino tax outstanding shall be payable for each completed month that the casino tax remains unpaid, but the total additional penalty shall not exceed 50% of the amount of casino tax outstanding.

(3) Any penalty imposed under this section shall be recoverable as if it were casino tax due and payable under this Part.

Recovery of tax

148.—(1) Casino tax due and payable under this Part shall be recoverable as a debt due to the Government and the Comptroller may, in his own name, sue for such tax by way of a specially endorsed writ of summons.

(2) In any proceedings referred to in subsection (1), the production of a certificate signed by the Comptroller stating the amount of any casino tax