On 10 January 2022, the Gambling Duties Bill (“Bill“) had its second reading and was passed in Parliament. The Bill consolidates and harmonises the law on the levy and collection of duties on legalised betting and lotteries, and also increases the amounts of fines and penalties for default in payment of gambling duties. In addition, the Bill makes related amendments to other legislation such as the Casino Control Act, the Private Lotteries Act, and the Inland Revenue Authority of Singapore Act, as well as repeals the Betting and Sweepstakes Duties Act.
In this Update, we highlight the key changes introduced by the Bill.
For more information, click here to read the full Legal Update.
