Finance

New South Wales opts for 10% POC tax

NSW goes against the grain with lowered POC tax to avoid “excessive burden” on market operators

The New South Wales (NSW) government has confirmed the introduction of a 10% point-of-consumption (POC) tax on online betting and gambling services in the state. The new POC tax will take effect from 1 January next year, with the government set to review its performance after 18 months. The tax reportedly aims to bring international…

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