Keno Act 1996
sec.110Calculating keno tax
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sec.110 Calculating keno tax
The amount of keno tax to be paid is a percentage of the keno licensee’s gross revenue for the month for which the keno tax is payable (the gross tax amount ), less the GST deduction for the month. The percentage for subsection (1) is the percentage that applies under the associated keno agreement for the relevant keno licence. In this section— GST deduction , for a month, means the lesser of the following amounts— the global GST amount for the month; the gross tax amount for the month. s 110 amd 2000 No. 20 s 29 sch 3 (sec.110-ssec.1) The amount of keno tax to be paid is a percentage of the keno licensee’s gross revenue for the month for which the keno tax is payable (the gross tax amount ), less the GST deduction for the month. (sec.110-ssec.2) The percentage for subsection (1) is the percentage that applies under the associated keno agreement for the relevant keno licence. (sec.110-ssec.3) In this section— GST deduction , for a month, means the lesser of the following amounts— the global GST amount for the month; the gross tax amount for the month.
- (a) the global GST amount for the month;
- (b) the gross tax amount for the month.