Analysts consider the tax proposal a confirmation of government interest in advancing with the IR project.<\/p>\n\n\n\n\n\n\n\n
Japan.- Japan’s governing coalition has presented a tax reform proposal that mentions the taxation of the country’s proposed casino resorts. <\/p>\n\n\n\n
The proposal includes three specific measures: to\u00a0exempt from taxation\u00a0the casino winnings of those not classified as residents in Japan; to limit purchase tax allowances on casino sales; and to clarify the taxation of casino prizes.<\/p>\n\n\n\n
Analysts at banking group Nomura said the inclusion demonstrated the prime minister’s commitment of the prime minister to Japan’s casino liberalisation policy.<\/p>\n\n\n\n
The group said: \u201cThis is an indication that, although the debate about integrated resorts has gone quiet because of the pandemic, the government is still intent on making them a reality”.<\/p>\n\n\n\n
Up to three IRs will be permitted in Japan in the first phase of market liberalisation. The licences are due to be awarded in 2022.<\/p>\n\n\n\n
Interested local governments must first find a private sector partner and then bid for one of the three licences that will be awarded.<\/p>\n","protected":false},"excerpt":{"rendered":"
Analysts consider the tax proposal a confirmation of government interest in advancing with the IR project.<\/p>\n","protected":false},"author":2,"featured_media":12776,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Japan's governing coalition has presented a tax reform proposal for its integrated resort (IR) projects, including exemptions for non-resident casino winnings, limits on purchase tax allowances, and clarified prize taxation. Analysts interpret this as a firm governmental commitment to advancing the IR liberalisation policy, with up to three licenses anticipated for award in 2022.","focusai_entities":"Nomura","focusai_location":"Japan","focusai_target_profile":"ceo_executive (0.9), regulator (0.8), compliance_legal (0.9), operator_casino (0.9), investor_analyst (0.9), journalist_researcher (0.8)","focusai_suggestions":[{"label":"IR Tax Impact","query":"How will the proposed tax exemptions for non-resident winnings influence the projected Gross Gaming Revenue (GGR) and Net Gaming Revenue (NGR) for prospective Japanese IRs?"},{"label":"Regulatory Framework Evolution","query":"What further legislative or regulatory amendments are anticipated to complement these tax proposals, particularly concerning B2B\/B2C licensing and responsible gambling frameworks for the Japanese IR market?"}],"footnotes":""},"categories":[160,16338,154,158],"tags":[473,470,225,2895],"class_list":["post-12772","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-asia-pacific","category-east-asia-news","category-legislation-news","category-slider-home","tag-ir","tag-japan","tag-legislation","tag-taxes"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/12772","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=12772"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/12772\/revisions"}],"predecessor-version":[{"id":12781,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/12772\/revisions\/12781"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/12776"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=12772"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=12772"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=12772"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}