Axel Kicillof increases taxes and will apply a 2% charge on online betting winnings

The Government of Axel Kicillof has once again increased taxes in the province of Buenos Aires and decided to implement a new 2% charge on online betting winnings on platforms authorized to operate in the Buenos Aires territory. The measure was implemented by the Institute of Lotteries and Casinos and affects the seven companies that currently hold concessions to exploit online gambling. The announcement was made this Monday by the Minister of Government, Carlos Bianco, who explained that 'the contributions will be received starting from this rate, which is 2% on the winnings paid for successive bets, according to law 15079.' Axel Kicillof According to the official, the funds will be allocated to the Fund for Progress and Social Inclusion (FOPIS), with the aim of financing the million-dollar deficit of the Kirchnerist administration. The resolution was signed last week by the Institute of Lotteries and Casinos, headed by Gonzalo Atanasof, and is framed within Law 15.079, enacted at the end of 2018 during the administration of María Eugenia Vidal. The platforms affected by the new regulation are Bet63, Betano, Bettson, Betwarrior, BPlay, Sport.bet.ar and Stake. All must submit sworn statements weekly to control the corresponding deduction on winnings.