Gaming taxes account for 73 pct of Macau state revenue in 1st eight months

21 September 2006

Macau, China, 21 Sept – Macau’s state revenues in the first eight months of 2006 totaled euros 1.7 billion, with gaming taxes accounting for 73.6 percent of this figure, according to official figures.

Provisional statistics on the website of Macau’s Directorate of Financial Services (DSF) show state revenues from January to August, excluding the current account, totaled 1.6 billion euros, an increase of 19.1 percent over 2004 and 78.2 percent of the figure predicted for 2006.

Current revenue reached 1.67 billion patacas (around 1.675 million euros) of which 12.479 billion patacas were revenues generated by direct taxation on gaming.

As well as direct taxes of 35 percent, Macau’s gaming operators also pay the government a number of other indirect taxes totaling some 4 percent of gross revenues, as well as an annual payment for each gaming table or machine in their facilities. (macauhub)