From an economic activity perspective, the government expects these developments to lead to an increase in tax revenue, including taxes collected from casino companies. The proposed tax rate following the Singapore model will impose a 12% tax on gambling revenue (total gambling revenue, GGR) from VIP customers and 18% on average customers. Additionally, you will receive income from corporate tax and value-added tax (VAT).
Regarding the proposal to set clear limits on the number of investments and licenses in entertainment complexes, Jurapun cited Singapore as an example. This only has two licenses.
He further explained that the Entertainment Complex Policy Committee has the authority to determine the number of licenses.
Julapun said, “We cannot say yet how many entertainment complexes will be approved in Thailand. We must wait for the results of the research conducted by the established Entertainment Complex Management Office.”
Regarding Singapore’s decision to limit the number of licenses to just two, he explained that this was due to the size of the region. He added that Thailand should wait for the research to determine the number of appropriate entertainment complexes, taking into account the flexibility needed based on the situation and economy. The number of licenses may increase or decrease in the future, but the construction of these complexes must be surrounded by the clear responsibility of the person receiving the license.
Additionally, the Entertainment Complex Policy Committee includes representatives from the Money Laundering Anti-Money Laundering Office (AMLO). This will help you develop policies to prevent money laundering from the start.
Regarding the issue of the deposit requirements of the bill, which stipulates that Thai citizens must have 50 million baht to participate, the Deputy Finance Minister acknowledged that this may need to be adjusted at the committee stage.
Regarding the issue of gambling addiction that has sparked concern among the enemy, he said, “Gambling addiction already exists in Thailand, with some people illegally traveling to neighboring countries and gambling. It has proven manageable in Singapore.
