Japan mulls casino entry fee, 30 percent tax rate

Japan is considering imposing an entry fee to casinos of Y2000 ($18.6) and imposing a tax rate of 30 percent on operators’ revenue, according to local media reports.

A government task force presented the fee proposal to Liberal Democratic party lawmakers on Wednesday. The entry charge will apply to both foreigners and locals.

Like Japanese nationals, foreign residents will also likely be required to present their My Number identification cards upon entry, Takeshi Iwaya, an LDP lawmaker who chairs the party’s policy study team on casino issues, was cited as saying in the Japan Times.

Meanwhile earlier this week,  media outlets reported the government is considering a tax rate of 30 percent. However, the rate may be scalable, rising to 40 percent for revenue between Y300 billion to Y400 billion. Revenue above Y400 billion may be taxed at 50 percent.

Lawmakers are currently thrashing out the details of the second stage in Japan’s casino legislation. The Implementation Bill is expected to be submitted to the current session of parliament.

More news from this jurisdiction

JapanFriday, Mar 16, 2018

The IR implementation bill won’t be submitted to the legislation this month, as had been planned, throwing doubt over the timetable for the bill.

JapanWednesday, Mar 14, 2018

Six local medical and children’s organizations have presented a petition to the local government opposing any IR bid from within the prefecture.

JapanTuesday, Mar 13, 2018

A Wakayama prefectural official says they are ready to launch an RFC process with IR operators very quickly after the IR Implementation Bill is enacted by the National Diet.

JapanSunday, Mar 11, 2018

Universal Entertainment Corporation said it expects to record a significant jump in net income for the fiscal year ended Dec. 2018 as a result of the $2.4 billion settlement from Wynn Resorts.

JapanWednesday, Mar 07, 2018

The ruling coalition Komeito party are of the view that the proposed terms of IR regulation are not strict enough.

JapanTuesday, Mar 06, 2018

A latest poll shows that the legalization of casino gambling remains deeply unpopular with the public at large.

JapanFriday, Mar 02, 2018

Hokkaido Governor Harumi Takahashi emerged this week as a strong advocate of hosting an IR, encouraging the central government to grant four or five licenses around the nation.