Nsw Poker Machine Revenue
2021年6月21日Register here: http://gg.gg/v2q10
*Nsw Poker Machine Revenue Report
*Nsw Poker Machine Revenue Recognition
*Nsw Poker Machine Revenue Reports
*Nsw Poker Machine Revenue Calculator
Fairfield had the highest poker machine revenue in the state for 2013, generating $298 million in clubs and $93 million in pubs, from the start of the year to August. This figure is $123 million greater than the combined total of profits generated from poker machines in the City of Sydney. The 25 hotels made a total of $253 million in poker machine profit during 2016/17, according to NSW Greens MP Justin Field. The NSW government anticipates raising more than $100 million in tax from the top 25 hotels, Fairfax Media reports. Mr Field says the hotels’ “mega profits” cause immeasurable harm to families and communities. Across NSW, clubs netted a combined $1.21 billion in poker machine profits during the six month period – down 37.6 per cent from $1.9 billion during the same period last year. Mounties Club at Mount Pritchard was one of the top earning clubs for poker machine profits. Collected by Revenue NSW on behalf of Liquor and Gaming NSW and in accordance with the Gaming Machine Tax Act 2001 No 72. Paying taxes If you operate gaming machines, you must pay the gaming machine tax quarterly by direct debit.
The NSW Government has announced gaming machine tax relief measures as part of its economic stimulus package to help clubs and hotels impacted by COVID-19
Gaming machine tax is paid on the metered profits of gaming machines in clubs and hotels within NSW. The tax is
*based on information collected by the Centralised Monitoring System (CMS).
*administered by Liquor and Gaming NSW
*calculated at varying rates according to the profits generated
*collected by Revenue NSW on behalf of Liquor and Gaming NSW and in accordance with the Gaming Machine Tax Act 2001 No 72. Paying taxes
If you operate gaming machines, you must pay the gaming machine tax quarterly by direct debit.
*Email your direct debit authority form to Liquor and Gaming.
*Data Monitoring Services (DMS) will send you a tax invoice 14 days after the end of each assessment period.
*We will debit your account on the 21st day after the end of the assessment period, or on the following working day if the 21st day falls on a weekend or public holiday.
*We will send you a reassessment if there is any change to the original tax invoice.
*If you do not pay by the due date you’ll be charged interest, calculated daily, on all outstanding amounts.Nsw Poker Machine Revenue Report
If you don’t pay the full amount by the due date, you may face legal proceedings and the suspension or cancellation of your gaming licence.Invoice enquiries
If you have any questions about your tax invoice or would like to change the way it is sent to you
*contact Data Monitoring Services.
To challenge the calculation or reasons provided
*contact Data Monitoring Services if you disagree with their calculation.
*contact Liquor and Gaming NSW if you disagree with the reasons provided.Tax payment due dates
The gaming machine tax is charged quarterly. Due dates for clubs Assessment periodDue date1 1 December to 28 February 21 March 2 1 March to 31 May 21 June 3 1 June to 31 August 21 September 4 1 September to 30 November 21 December Due dates for hotels Assessment periodDue date1 1 January to 31 March 21 April 2 1 April to 30 June 21 July 3 1 July to 30 September 21 October 4 1 October to 31 December 21 January Paying by instalments
If you need financial support and are approved by Liquor and Gaming NSW, you can pay your gaming machine tax in three equal monthly instalments.
To find out if you are eligible for the tax deferral scheme, send an email to Liquor and Gaming NSW and include your
*licence number
*venue name
*period applicable.
If you’re not eligible for the tax deferral scheme contact us to request a payment arrangement.Rates
You do not have to pay gaming machine tax if your quarterly profit from gaming machines isNsw Poker Machine Revenue Recognition
*less than $250,000 and you operate a club
*less than $50,000 and you operate a hotel. Tax rates for clubs
The rate for profits of more than $250,000 are set out below.Quarterly profit from gaming machinesRate Over $250,000 up to $450,000 28.05% Over $450,000 up to $1.25 million 18.05% Over $1.25 million up to $2.5 million 22.55% Over $2.5 million up to $5 million 24.55% Over $5 million 26.55% Clubgrants
Under the Clubgrants scheme
*if your annual tax is over $250,000, it includes a 0.4 per cent contribution
*if your annual profit from gaming machines is more than $1 million, you must pay an additional 1.85 per cent of the amount over $1 million, unless you contribute the same amount to community projects.
Visit Liquor and Gaming NSW to find out more about tax rates for clubs.
Tax rates for hotels
The rate for profits of more than $50,000 are set out below. Quarterly profit from gaming machinesTax rate Over $50,000 up to $250,000 33% Over $250,000 up to $1.25 million 36% Over $1.25 million 50%
Visit Liquor and Gaming NSW to find out more about tax rates for hotels.Tax adjustments
Your quarterly tax payments will be compared with the annual amount payable and you may be eligible for an adjustment based on your annual profit from gaming machines. Tax adjustments for clubs
After 31 August each year, you can apply to Liquor and Gaming NSW for an annual adjustment.Annual profit from gaming machinesAnnual tax rateLess than $1 millionYou pay no taxOver $1 million and up to $1.8 million29.9% on the amount over $1 millionOver $1.8 million up to $5 million19.9%Over $5 million up to $10 million24.4%Over $10 million up to $20 million26.4%Over $20 million28.4% Tax adjustments for hotels Nsw Poker Machine Revenue Reports
After the end of a financial year, you can apply to Liquor and Gaming NSW for an annual adjustment.Nsw Poker Machine Revenue CalculatorAnnual profit from gaming machinesAnnual tax rateUp to $200,0000% (nil)Over $200,000 up to $1 million33%over $1 million up to $5 million36%Over $5 million50%New data released on September 30 has revealed that COVID-19 closures had a significant impact on poker machine use across the Goulburn region. READ ALSO: Community organisations can now apply for new clubgrants funding The report, released by Liquor and Gaming NSW, outlined the latest gaming machine data across the state. From December 1, 2019 to May 31, 2020 clubs in the Goulburn Mulwaree and Upper Lachlan Local Government Areas totalled $5,548,005.88 in net profit from 386 electronic gaming machines over seven premises. From January 1, 2020 to June 30, 2020 hotels in the Goulburn Mulwaree brought in a net profit of $1,690,742.18 from 105 electronic gaming machines over eight premises. These figures were down compared to reports released last year. Goulburn Mulwaree clubs from June 1, 2019 to November 30, 2019 took in $9,010,970.66 net profit and paid $1,513,664.24 in tax. Hotels in Goulburn Mulwaree and the Upper Lachlan were also impacted. For the period of July 1, 2019 to December 31, 2019 they recorded $3,102,265 in net profit and paid $782,489 tax. CHECK OUT: Cannabis lands Goulburn motorist in court for the fourth time A Liquor and Gaming NSW spokesperson said the net profit figures across NSW showed significant decreases in gaming machine profits. ’This coincides with restrictions placed on gaming venues as a result of the COVID-19 Public Health Orders, including a 10-week closure of all gaming venues from March 23 to May 31,’ they said. State-wide compared to the previous six-month period: Compared to the same six-month period across NSW in 2019: Tax adjustments for 2019-20 are yet to be finalised. READ MORE: Woman urged to take the reins in agricultural leadership
Register here: http://gg.gg/v2q10
https://diarynote.indered.space
*Nsw Poker Machine Revenue Report
*Nsw Poker Machine Revenue Recognition
*Nsw Poker Machine Revenue Reports
*Nsw Poker Machine Revenue Calculator
Fairfield had the highest poker machine revenue in the state for 2013, generating $298 million in clubs and $93 million in pubs, from the start of the year to August. This figure is $123 million greater than the combined total of profits generated from poker machines in the City of Sydney. The 25 hotels made a total of $253 million in poker machine profit during 2016/17, according to NSW Greens MP Justin Field. The NSW government anticipates raising more than $100 million in tax from the top 25 hotels, Fairfax Media reports. Mr Field says the hotels’ “mega profits” cause immeasurable harm to families and communities. Across NSW, clubs netted a combined $1.21 billion in poker machine profits during the six month period – down 37.6 per cent from $1.9 billion during the same period last year. Mounties Club at Mount Pritchard was one of the top earning clubs for poker machine profits. Collected by Revenue NSW on behalf of Liquor and Gaming NSW and in accordance with the Gaming Machine Tax Act 2001 No 72. Paying taxes If you operate gaming machines, you must pay the gaming machine tax quarterly by direct debit.
The NSW Government has announced gaming machine tax relief measures as part of its economic stimulus package to help clubs and hotels impacted by COVID-19
Gaming machine tax is paid on the metered profits of gaming machines in clubs and hotels within NSW. The tax is
*based on information collected by the Centralised Monitoring System (CMS).
*administered by Liquor and Gaming NSW
*calculated at varying rates according to the profits generated
*collected by Revenue NSW on behalf of Liquor and Gaming NSW and in accordance with the Gaming Machine Tax Act 2001 No 72. Paying taxes
If you operate gaming machines, you must pay the gaming machine tax quarterly by direct debit.
*Email your direct debit authority form to Liquor and Gaming.
*Data Monitoring Services (DMS) will send you a tax invoice 14 days after the end of each assessment period.
*We will debit your account on the 21st day after the end of the assessment period, or on the following working day if the 21st day falls on a weekend or public holiday.
*We will send you a reassessment if there is any change to the original tax invoice.
*If you do not pay by the due date you’ll be charged interest, calculated daily, on all outstanding amounts.Nsw Poker Machine Revenue Report
If you don’t pay the full amount by the due date, you may face legal proceedings and the suspension or cancellation of your gaming licence.Invoice enquiries
If you have any questions about your tax invoice or would like to change the way it is sent to you
*contact Data Monitoring Services.
To challenge the calculation or reasons provided
*contact Data Monitoring Services if you disagree with their calculation.
*contact Liquor and Gaming NSW if you disagree with the reasons provided.Tax payment due dates
The gaming machine tax is charged quarterly. Due dates for clubs Assessment periodDue date1 1 December to 28 February 21 March 2 1 March to 31 May 21 June 3 1 June to 31 August 21 September 4 1 September to 30 November 21 December Due dates for hotels Assessment periodDue date1 1 January to 31 March 21 April 2 1 April to 30 June 21 July 3 1 July to 30 September 21 October 4 1 October to 31 December 21 January Paying by instalments
If you need financial support and are approved by Liquor and Gaming NSW, you can pay your gaming machine tax in three equal monthly instalments.
To find out if you are eligible for the tax deferral scheme, send an email to Liquor and Gaming NSW and include your
*licence number
*venue name
*period applicable.
If you’re not eligible for the tax deferral scheme contact us to request a payment arrangement.Rates
You do not have to pay gaming machine tax if your quarterly profit from gaming machines isNsw Poker Machine Revenue Recognition
*less than $250,000 and you operate a club
*less than $50,000 and you operate a hotel. Tax rates for clubs
The rate for profits of more than $250,000 are set out below.Quarterly profit from gaming machinesRate Over $250,000 up to $450,000 28.05% Over $450,000 up to $1.25 million 18.05% Over $1.25 million up to $2.5 million 22.55% Over $2.5 million up to $5 million 24.55% Over $5 million 26.55% Clubgrants
Under the Clubgrants scheme
*if your annual tax is over $250,000, it includes a 0.4 per cent contribution
*if your annual profit from gaming machines is more than $1 million, you must pay an additional 1.85 per cent of the amount over $1 million, unless you contribute the same amount to community projects.
Visit Liquor and Gaming NSW to find out more about tax rates for clubs.
Tax rates for hotels
The rate for profits of more than $50,000 are set out below. Quarterly profit from gaming machinesTax rate Over $50,000 up to $250,000 33% Over $250,000 up to $1.25 million 36% Over $1.25 million 50%
Visit Liquor and Gaming NSW to find out more about tax rates for hotels.Tax adjustments
Your quarterly tax payments will be compared with the annual amount payable and you may be eligible for an adjustment based on your annual profit from gaming machines. Tax adjustments for clubs
After 31 August each year, you can apply to Liquor and Gaming NSW for an annual adjustment.Annual profit from gaming machinesAnnual tax rateLess than $1 millionYou pay no taxOver $1 million and up to $1.8 million29.9% on the amount over $1 millionOver $1.8 million up to $5 million19.9%Over $5 million up to $10 million24.4%Over $10 million up to $20 million26.4%Over $20 million28.4% Tax adjustments for hotels Nsw Poker Machine Revenue Reports
After the end of a financial year, you can apply to Liquor and Gaming NSW for an annual adjustment.Nsw Poker Machine Revenue CalculatorAnnual profit from gaming machinesAnnual tax rateUp to $200,0000% (nil)Over $200,000 up to $1 million33%over $1 million up to $5 million36%Over $5 million50%New data released on September 30 has revealed that COVID-19 closures had a significant impact on poker machine use across the Goulburn region. READ ALSO: Community organisations can now apply for new clubgrants funding The report, released by Liquor and Gaming NSW, outlined the latest gaming machine data across the state. From December 1, 2019 to May 31, 2020 clubs in the Goulburn Mulwaree and Upper Lachlan Local Government Areas totalled $5,548,005.88 in net profit from 386 electronic gaming machines over seven premises. From January 1, 2020 to June 30, 2020 hotels in the Goulburn Mulwaree brought in a net profit of $1,690,742.18 from 105 electronic gaming machines over eight premises. These figures were down compared to reports released last year. Goulburn Mulwaree clubs from June 1, 2019 to November 30, 2019 took in $9,010,970.66 net profit and paid $1,513,664.24 in tax. Hotels in Goulburn Mulwaree and the Upper Lachlan were also impacted. For the period of July 1, 2019 to December 31, 2019 they recorded $3,102,265 in net profit and paid $782,489 tax. CHECK OUT: Cannabis lands Goulburn motorist in court for the fourth time A Liquor and Gaming NSW spokesperson said the net profit figures across NSW showed significant decreases in gaming machine profits. ’This coincides with restrictions placed on gaming venues as a result of the COVID-19 Public Health Orders, including a 10-week closure of all gaming venues from March 23 to May 31,’ they said. State-wide compared to the previous six-month period: Compared to the same six-month period across NSW in 2019: Tax adjustments for 2019-20 are yet to be finalised. READ MORE: Woman urged to take the reins in agricultural leadership
Register here: http://gg.gg/v2q10
https://diarynote.indered.space
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