Online Gambling Tax in Argentina Gains Approval from Chamber of Deputies
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The Argentine Chamber of Deputies has approved the Budget for the year 2021, which raises taxes on online gaming from 2% to 5%. Now, the budget is pending full Senate approval.

Although Juntos por el Cambio, the largest opposition party, did not vote, the government, with the help of the Interbloque Federal, the Interbloque Unidad Federal para el Desarrollo and more, obtained the 139 votes required to pass this project.

The Argentinian State Lottery Association (ALEA) has expressed concern about the project, claiming that “any tax on official gambling at a national level favours the expansion of illegal gambling, by increasing the tax pressure on the regulated sector.”

Furthermore, the association assured that this rise “directly affects the local economies since it reduces the income that the provinces and the City of Buenos Aires obtain from gambling through regulatory entities, in their respective jurisdictions. It also decreases the funds allocated to social entities.”

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Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.

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