Every country in the world has its own views and attitudes towards gambling, and South Africa is no exception. Gambling was completely banned during the apartheid administration, but illegal casinos emerged in their independent hometowns (also known as Bantustan).
When the democratic government came to power in 1994, onshore casinos were legalized and gambling was legalized accordingly. The situation of horse racing, which has been legal since around 1965, was a little different. Therefore, online casinos are not legalized, but gambling at onshore casinos is legal today.
This situation was circumvented by South African gamblers who have not yet been punished by online gambling courts under foreign jurisdiction, but online operators and financial institutions helped catch financial online gambling at Rand 10 million. Or face a high fine of 10 years. transaction. However, this means that the actual online casinos in South Africa will not be immediately visible.
Gambling in South Africa
Gambling in South Africa
Important topics:
South African gambling law
South African gambling tax
Most important legal document
What will the future bring?
South African gambling law and authorities
The current law governing gambling in South Africa is the 2008 National Gambling Amendment Act. The law replaced the 2004 National Gambling Act, which abolished the new Democratic Dispensing Act of 1996, which legalized gambling and allowed horse betting as a legitimate form of gambling. Aside from the fact that, as in the past, it was only considered a sport.
Despite the legality of gambling at onshore casinos, a special decision of the North Goten High Court could impose a fine of up to R10 million on financial institutions to facilitate related financial transactions. Online gambling remains illegal because of. Faced with online gambling or 10 years in prison, the media and advertising industry is also prohibited from promoting such activities. The
National Gambling Board (NGB) oversees regulations in the gambling industry across the country and is responsible for “maintaining South Africa’s integrity as a responsible global citizen.” In addition, each state has its own gambling agency that oversees gambling in all South African states, which are described in the report in the next paragraph.
National Gambling Board
Nameless employee
Licensed Organization Ministry of Trade and Industry National Gaming Committee
South Africa is a unitary state and is divided into nine states that fall within the legal framework of the country. However, each state has its own legislature and gambling agencies that handle gambling license applications.
Therefore, to apply for a gambling license, you need to apply to the relevant state. However, keep in mind that some states may not issue an application request (RPA), which is a specific application process for obtaining a gambling license. The specific legislative bodies dealing with gambling legislation and oversight in South Africa are the Eastern Cape Gambling and Betting Board, the Free State Gambling and Liquor Authority, the Gauteng Gambling Board, the KwaZuluNatal Gaming and Betting Board, the Limpopo Gambling Board, the Mpumalanga Gambling Board, the Northern Cape Gambling Board, the North West Gambling Board, and the Western Cape Gambling and Racing Board.
Gambling Taxation – Do You Owe Taxes After a Win? With gambling, the question of paying taxes on your winnings will always pop up. Let`s look at the various forms of gambling and give you an overview of whether the South African Revenue Service (SARS) will tax your winnings or not. Starting with the national lottery, your lottery winnings will not be taxed although you do need to notify SARS of your winnings. The next category of people who should declare the victory of the
SARS are those who gamble for entertainment purposes. Prizes are not taxed, but all prizes must be filed on the IRP5 tax return.
Professional gamblers who earn money from gambling are taxed on their prizes, but the general public who visit gambling for recreational purposes is not subject to SARS taxation.
Next, there are professional gamblers who make money from professional games. Since these profits are part of a “personal business”, they need to be declared and SARS will record a loss, but will deduct income tax and make the situation a little more impartial. South Africa has a progressive taxing system which essentially means that the more you earn, the more you are taxed. The same will apply to a professional player who makes an income from gambling.
Most Important Legal Texts
The National Gambling Amendment Bill was officially tabled on 20 July 2018. The Amendment Bill – which has existed in various forms since 2016 – proposes several changes to South Africa`s main gambling legislation, including a number of changes to South Africa`s current gambling structures as well as a strengthening of current rules.
Other than that, and before this Bill is put into force, other gambling legislation in South Africa includes the National Gambling Act, Act No 33 of 1996 which was repealed on 1 November 2004 by the National Gambling Act, 2004, (Act No 7 of 2004), which makes provision for the oversight of matters relating to casinos, gambling, betting and wagering and promotes uniform norms and standards in relation to gambling throughout South Africa.
Gambling Statistics
According to the National Gambling Board and Price Waterhouse Coopers (PwC), “Gross Gambling Revenue (GGR) generated withinside the on line casino zone withinside the 2017FY represented 66.4% of the full quantity of GGR generated in FY2017 as compared to the opposite legalized playing sectors (having a bet on recreation and horse racing, LPM and bingo). A 4.5% growth in GGR generated with the aid of using the on line casino zone has been recorded for the duration among FY2014 (R16,497,594,915) to FY2015 (R17,234,928,081), with the aid of using 5.8% to FY2016 (R18,236,685,695), however, reduced with the aid of using 1.8% to FY2017 (R17,900,747,071) (primarily based totally on present day prices).
The mild lower withinside the era of GGR from FY2016 to FY2017 can, among others, be attributed to the lower of operational positions in Gauteng, Western Cape, Mpumalanga, Northern Cape, Eastern Cape and the Free State.
GGR generated withinside the having a bet on horse racing and recreation zone represents 18.9% of the full quantity of GGR generated in FY2017 as compared to the opposite legalized playing sectors (on line casino, LPM & bingo).
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