Under the old regulatory system, which went into effect until Dec. 31, Junket was able to benefit from legal provisions allowing full or partial exemptions of Junket fees or remuneration paid in kind to Junket, such as transportation, accommodation, food and drink and entertainment.
As a result, Junket is subject to a lower net tax rate than it would otherwise have faced. But it was no longer possible, with regulatory changes in place since the beginning of this year.
The Macau Game Promotion Experts Association submitted a letter in early February asking the government to consider relief for a 5% withholding tax, arguing that the sector already faces significant commercial challenges under the new Macau regulatory system for games.
The Macau government replied that it currently has "no conditions" to take such measures, U told GGRAcia. The reply last week was from Adriano Marquez Ho, director of the Game Inspection Coordination Bureau, a Macau casino regulator also known as the DICJ.
Junkit has urged the government to take advantage of provisions in existing gaming laws that would allow at least Macau's chief executive to approve exemptions of up to 2 percentage points from taxation on Junkit fees or remuneration. Under the Gaming Act, such an exemption period cannot in any case exceed a total of five years. 슬롯머신
Mr. U said his group was considering further lobbying. "I didn't see why this levy on fees was only on us and not on VIPs directly," he told GGRAcia It was a reference to VIP gambling arranged by casino concessions themselves. He added, "It's unfair competition."
Under the revised legal framework that went into effect in January, each Macau junket can only partner with one game operator. The recent legal framework has also put an end to the revenue-sharing business model of Macau's junket operators, who can now only receive fees based on game promotional services provided to their partner concessions.