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Japan to consider taxing foreign tourists on casino winnings

Newsdesk by Newsdesk
Tue 26 Jun 2018 at 07:05
Japan to consider taxing foreign tourists on casino winnings
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Japanese lawmakers may consider taxing the casino winnings of some foreign visitors, including those from China, as Diet discussions continue on the IR Implementation Bill.

According to a report in the The Asahi Shimbun, tourists who gamble in Japanese casinos may be subject to the tax treaty that their home nation has signed with Japan. Of the 123 states and regions it currently has tax treaties with, Japan can charge income tax on casino winnings to visitors from China, India and Singapore among others. Those from countries with no Japan tax treaty are also liable to pay income tax on casino winnings.

The United States, South Korea and most European nations are exempt.

Japan’s lower house last week voted to extend the current Diet session, which was due to end on Wednesday 20 June, until 22 July in order to pass key legislation including the IR Implementation Bill.

The IR bill passed through the lower house last Tuesday and is now the subject of debate within the upper house. Despite having the support of the ruling Liberal Democratic Party and its coalition partner Komeito, there remains strong opposition among minority parties to allowing casino gaming in Japan due to concerns over problem gambling.

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Tags: ChinaDietIndiaIR Implementation BillJapanKomeitoLiberal Democratic PartySingaporetaxing
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The IAG Newsdesk team comprises some of the most experienced journalists in the Asian gaming industry. Offering a broad range of expertise, their decades of combined know-how spans multiple countries across a variety of topics.

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