13DTax to be paid monthly

13D Tax to be paid monthly

13D Tax to be paid monthly

(1) A betting operator is liable to pay point of consumption tax for each month of the amount specified in this section.

(2) For any month of a financial year before the qualifying month, if any, the amount is nil.

(3) For the qualifying month of a financial year, the amount is 15% of the difference between—

(a) the net NSW wagering revenue of the betting operator for the period starting on 1 July in the financial year and ending on the last day of the qualifying month, and

(b) $1,000,000.

(4) For any month of a financial year after the qualifying month, the amount is—

(a) if the net NSW wagering revenue of the betting operator for the month is nil or a negative amount—nil, or

(b) in any other case—15% of the net NSW wagering revenue of the betting operator for the month.

(5) If point of consumption tax is payable in relation to a month, the tax is to be paid within 21 days after the end of that month.

(6) In this section, qualifying month, in relation to a financial year, for a betting operator, means the first month of the financial year in which the net NSW wagering revenue of the betting operator for the period starting on 1 July in the financial year and ending on the last day of the month is more than $1,000,000.

s 13D: Ins 2018 No 69, Sch 1 [4]. Am 2022 No 32, Sch 1[9].