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Fact sheet
Point of Consumption Tax: fact sheet
Publisher
Consumption tax
Internet gambling
Sports betting
Gambling
Government revenue
Victoria
Resources
| Attachment | Size |
|---|---|
 Point of Consumption Tax: fact sheet
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217.79 KB |
Description
From 1 January 2019, the Victorian Government will replace the current wagering and betting tax structures with a point of consumption wagering and betting tax (POCT). The POCT will apply at a rate of 8 per cent of the net wagering revenue derived from all wagering and betting activity by customers located in Victoria.
The Victorian POCT will be payable by wagering and betting operators on the revenue derived from wagers and bets, or on facilitated wagering and betting activity, of customers in Victoria. This reform will better align Victoria’s wagering tax system with the increasingly digital betting environment.
Related Information
Report of the Review of the Point of Consumption Tax on wagering and betting https://apo.org.au/node/309913
Publication Details
Copyright:
State of Victoria 2018
Access Rights Type:
open
Post date:
4 Dec 2020
