In year we will substantially complete the payment of arrears and make further significant reductions in Customs and excise duties. Revenue-generating Measures To facilitate this, we are proposing a number of measures that are designed to generate additional revenue to the Government. Specifically, we are increasing: the taxation of gaming house activities through the introduction of a sliding scale of rates applied to taxable revenue, namely: up to $20 million, a rate of 20 per cent; between $20 million and $40 million, a rate of 25 per cent; between $40 million and $60 million, a rate of 30 per cent; between $60 million and $80 million, a rate of 35 per cent; between $80 million and $100 million, a rate of 40 per cent; and over $100 million, a rate of 50 per cent;
In year we will substantially complete the payment of arrears and make further significant reductions in Customs and excise duties. Revenue-generating Measures To facilitate this, we are proposing a number of measures that are designed to generate additional revenue to the Government. Specifically, we are increasing: the taxation of gaming house activities through the introduction of a sliding scale of rates applied to taxable revenue, namely: up to $20 million, a rate of 20 per cent; between $20 million and $40 million, a rate of 25 per cent; between $40 million and $60 million, a rate of 30 per cent; between $60 million and $80 million, a rate of 35 per cent; between $80 million and $100 million, a rate of 40 per cent; and over $100 million, a rate of 50 per cent;
BudgetCommuniucation1819%20-%20Final.docx