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New Victorian Point of Consumption Tax

LookingForValue

By LookingForValue,
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LookingForValue

LookingForValue 316

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Matt Welsh
@Themodernpunter
From July 1, the Victorian Government has announced an increase in the Point of Consumption Tax from 8% to 10% of Net Wagering Revenue (NWR), bringing it in line with NSW. The Victorian Racing Industry's gross share of POCT receipts will increase from 1.5% to 3.5% of taxable NWR.

Robbing from the punter again?

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