Junkets remit $42M in taxes to Macau gov’t in 2017: report

The Macau government made MOP336.8 million ($41.8 million) in taxes from junket operators last year, according to GGRAsia.

The data was included in the Macau government’s budget execution report submitted to the Legislative Assembly. The amount is 23.6% higher than the previous year, when it had conservatively projected tax revenue of MOP200 million ($24.8 million) to be derived from junkets.

For this year, the Macau government is targeting a collection from junkets of MOP280 million ($34.8 million).

The taxes collected from junket operators is considerably smaller than that derived from other players in the gambling industry, partly because the tax levied on gross commissions that are paid to gaming promoters is much smaller at 5%, compared to the 35% tax rate on gross gaming revenue (GGR) imposed on casino operators, plus 4% in additional taxes.

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