Argentina Population 45.38 million
Economic and Political Outlook Argentina hasn’t had single-digit inflation in at least a decade. With close to 40 per cent of the population living below the poverty line, economists surveyed by the Central Bank predict inflation ending this year to reach around 73 per cent. The government’s efforts to tackle inflation have been damaged by imbalances in international prices aggravated by the ongoing war in Ukraine. As prices surge three-quarters of voters disapprove of the centre-left ruling Peronist government of President Alberto Fernandez.
Online Regulatory Update Overall there has been an expansion of the online betting market in Argentina. In May the province of Córdoba passed rules that give online casinos and sports betting the green light. Te bidding for at least ten permits will begin as soon as regulations are published. Both Argentine and foreign companies will be invited to take part in the tender while Te Córdoba Lottery will oversee online gaming once it is up and running.
New online rules will follow similar legislation now in place in the autonomous city of Buenos Aires and the province of Buenos Aires. Online gambling is also now present in Mendoza, Santa Fe, Corrientes, Chaco, Misiones, San Luis, Tucumán, Entre Ríos, La Pampa, Neuquén, Río Negro and Santa Cruz.
However President Alberto Fernández recently ordered an increase on the tax rate on online betting. Established in December 2016, through Law N° 27346 Te Indirect Tax on Online Betting imposes taxes on the online gambling sector, establishing a federal online gambling tax of 2 per cent rate on the gross value of each bet. Te tax was established throughout the country and applies to bets and or games of chance made in the country through any type of digital platform. Te law also gave the Executive branch the right to increase the tax rate by as much as 50 per cent, reduce it or temporarily leave it without effect.
In October 2020 Minister of Economy, Martín Guzmán, added provisions to the 2021 Budget to increase the federal tax on online gambling from 2 per cent to 5 per cent of the gross value of each transaction. Ten in 2021 the government created a new Online Control Registry of Betting in order to cover taxation over the industry further.
Te new tax ranges from 2.5 per cent to 15 per cent depending on a number of factors with operators facing heavier rates for having not complied with previous regulations. Meanwhile those companies that are already registered with the online gambling registry and have put local employees on the books will benefit from a lower rate.
WIRE / PULSE / INSIGHT / REPORTS P81
ARGENTINA
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60 |
Page 61 |
Page 62 |
Page 63 |
Page 64 |
Page 65 |
Page 66 |
Page 67 |
Page 68 |
Page 69 |
Page 70 |
Page 71 |
Page 72 |
Page 73 |
Page 74 |
Page 75 |
Page 76 |
Page 77 |
Page 78 |
Page 79 |
Page 80 |
Page 81 |
Page 82 |
Page 83 |
Page 84 |
Page 85 |
Page 86 |
Page 87 |
Page 88 |
Page 89 |
Page 90 |
Page 91 |
Page 92 |
Page 93 |
Page 94 |
Page 95 |
Page 96 |
Page 97 |
Page 98 |
Page 99 |
Page 100 |
Page 101 |
Page 102 |
Page 103 |
Page 104 |
Page 105 |
Page 106 |
Page 107 |
Page 108 |
Page 109 |
Page 110 |
Page 111 |
Page 112 |
Page 113 |
Page 114 |
Page 115 |
Page 116 |
Page 117 |
Page 118 |
Page 119 |
Page 120 |
Page 121 |
Page 122 |
Page 123 |
Page 124 |
Page 125 |
Page 126 |
Page 127 |
Page 128 |
Page 129 |
Page 130 |
Page 131 |
Page 132 |
Page 133 |
Page 134 |
Page 135 |
Page 136 |
Page 137 |
Page 138 |
Page 139 |
Page 140 |
Page 141 |
Page 142 |
Page 143 |
Page 144 |
Page 145 |
Page 146 |
Page 147 |
Page 148 |
Page 149 |
Page 150 |
Page 151 |
Page 152 |
Page 153 |
Page 154
