Monday, August 08, 2022

Goa casinos to face tax scrutiny


A number of casino operators in Goa are under the government’s scrutiny for suspected tax evasion, local media reports.

The income tax (I-T) department is reportedly clamping down on tax dodgers who have been using sophisticated devices to hide information.

In one such casino, tax officials are combing through details of 3900 customers that were stored on a pen-drive.

“Cash receipts from individual customers were unaccounted. Settlement of accounts including winnings was done in cash without TDS. Evidence of suppression of gross gaming receipts of about Rs 333 crores ($49.9 million) was gathered,” sources, who did not wish to be identified, said.

The tax evaders could face up to a 35 percent tax and a 90 percent fine - and up to seven years prison if found to be hiding income.

Asia Gaming Brief is a news and intelligence service providing up to date market information for worldwide executives on relevant gaming issues in Asia.

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