Summary of IMPUESTO AL JUEGO Y A LA PARTICIPACION DEL JUEGO
Summary
The video discusses two specific taxes related to gambling in Bolivia: the Gambling Tax and the Gambling Participation Tax. Here are the key points covered in the video:
Storyline
- The video explains the taxation system for gambling activities in Bolivia, detailing the obligations of companies involved in games of chance, such as casinos and raffles.
Gameplay Highlights
- Gambling Tax: This tax is applicable to businesses that operate games of chance. The tax rate in Bolivia is 30% of the net income derived from these activities.
- Gambling Participation Tax: This tax is paid by individuals participating in gambling activities. The tax rate for this is 15% of the income generated.
Key Calculations and Strategies
- Calculating Gambling Tax:
- Income is calculated based on the number of invoices issued multiplied by the price per invoice.
- The Value Added Tax (VAT) of 13% is deducted from total income to establish the tax base.
- The Gambling Tax is then calculated as 30% of the resulting figure after VAT deduction.
- Calculating Gambling Participation Tax:
- Similar to the Gambling Tax, the income is calculated, VAT is deducted, and then the participation tax is calculated at 15% of the remaining amount.
Forms and Submission
- Forms:
- Form 770 is used for reporting Gambling Tax.
- Form 771 is for Gambling Participation Tax.
- Form 772 is for business promotions related to gambling.
Additional Tips
- Companies must ensure timely payment of these taxes, typically by the 21st of the following month.
- Businesses should keep accurate records of invoices and tax calculations to avoid discrepancies.
Featured Gamers/Sources
- The video features a lawyer discussing the theoretical aspects of the Gambling Tax and its implications for businesses in Bolivia.
Notable Quotes
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Category
Gaming