13CLiability to pay point of consumption tax

13C Liability to pay point of consumption tax

13C Liability to pay point of consumption tax

(1) A betting operator is liable to pay tax on the operator’s net NSW wagering revenue for a financial year (point of consumption tax).

(2) Point of consumption tax is payable in respect of a financial year as follows—

(a) if the net NSW wagering revenue for the financial year is $1,000,000 or less—no tax is payable,

(b) if the net NSW wagering revenue for the financial year is more than $1,000,000—tax is payable at the rate of 15% of the amount by which the net NSW wagering revenue exceeds $1,000,000.

s 13C: Ins 2018 No 69, Sch 1 [4]. Am 2022 No 32, Sch 1[8].