Pertaining to HORSE RACING:Tax to be paid on (i) winnings 10% withhold if > 100k from PUNTER IT-Act (ii)Statement of winnings by the BOOKMAKER MRA-Act
I recently mentioned of DEA,FBI, FDA, HARAM,WHITE Racist, Gambling debts, Prete NOM & SOUTH AFRICAN laws and ILLEGAL unlicensed BOOKMAKERS 博彩公司的許可
There is also the section of MRA Act and Income Tax Act Source : https://www.mra.mu/taxes-duties/gambling-taxes
Tax on winnings
Under Section 111O / 111 P of the Income Tax Act, the Mauritius National Lottery Operator, a casino operator, a hotel casino operator or a gaming house operator is required to withhold a tax of 10% on any amount payable to a punter if ever the total amount exceeds Rs 100,000. The tax is remitted on a monthly basis to the Mauritius Revenue Authority.
Statement of winnings
Casino operator, hotel casino operator, gaming house operator, bookmaker, totalisator, operator of Mauritius National Lottery and an agent of a foreign pool operator are required to submit a statement providing details of winners in respect of whom any payment exceeding Rs 20,000 has been made. The statement should be submitted at the same time a return for gambling tax under Section 115 of the GRA Act is submitted.
