The government of Peru has passed a law, legalizing online gambling and sports betting in the country. The law aims to close tax loopholes, regulate online gambling businesses, ensure tax collection, prevent money laundering, and promote safe participation. The Ministry of Trade and Tourism will oversee the launch of the new regulations and license platforms and systems for remote gaming and sports betting.
With the passage of Law 31806, Peru is set to create a thriving online gaming industry, bolstering economic growth and attracting both domestic and international players. The Ministry of Trade and Tourism takes charge of overseeing the implementation of new regulations, including the licensing of platforms and systems for remote gaming and sports betting. Furthermore, licensed operators will have the opportunity to sponsor Peruvian sports, fostering collaboration between the gaming industry and the nation’s sporting events.
In addition to promoting safe and responsible gaming practices, Law 31806 aims to address tax loopholes in the industry. Online gambling businesses, both foreign and domestic, will be subject to a 11.7% tax on revenue, with a minimum payment per operator of 600 tax units or 3% of the annual gross revenue. This taxation structure ensures that the industry contributes its fair share to the country’s revenue while supporting its sustainable development.