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Q:
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What is betting duty?
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A:
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Betting duty is a tax charged on betting conductors from their proceeds of lotteries and net stake receipts from authorized betting on horse races and football matches conducted by them.
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Q:
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What is included in betting duty?
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A:
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Betting conductors are required to pay betting duty on the following activities:
the net stake receipts derived from the conduct of authorized betting on horse races;
contributions or subscriptions to authorized cash-sweeps;
the proceeds on lotteries; and
the net stake receipts derived from the conduct of authorized betting on football matches.
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Q:
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What is the rate of betting duty?
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A:
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Betting on horse races: Varies from 72.5% to 75% on the net stake receipts from local bets on local horse races; 72.5% on the net stake receipts from local bets on non-local horse races.
Cash-sweeps: 30% on the amount paid, contributed or subscribed.
Lotteries: 25% on the amount of proceeds.
Betting on football matches: 50% on the net stake receipts.
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Q:
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Is there any exemption from betting duty?
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A:
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Yes, winners of cash prizes from lucky draws are not required to pay betting duty. The Inland Revenue Department will not issue bills or receipts on betting duty to them.
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Q:
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What is the penalty of evasion of betting duty?
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A:
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A person who evades, or assists another person to evade, a betting duty that is payable, an offence is liable:-
on summary conviction, to a fine at HK$10,000, an additional fine of treble the amount of the duty that has not been paid or underpaid and imprisonment for 6 months; or
on indictment, to a fine at HK$50,000, an additional fine of treble the amount of the duty that has not been paid or underpaid and imprisonment for 3 years.
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FAQ
