Peru Approves Tax Law for Online Sports Betting and iGaming Operators

Supreme Decree No. 005-2023 was published yesterday, a decree which approves the regulation of Law No. 31557 modified by Law No. 31806. The initial law 31557 was approved in late 2022 by the previous government while a new amending law 31806 was introduced and approved by Congress in July of 2023.

The purpose of both laws is to implement a tax of 12% on the net profits of all online betting operators including both sportsbooks and online casinos.

The latest data published by the Ministry revealed that there are roughly 50 online sportsbooks currently operating in Peru with the market valued at approximately US$1 billion.

Minister of Foreign Trade and Tourism , Juan Carlos Mathews said:

Ciaran McEneaney

Ciaran has been working within the Gambling Industry as a deep analyst since 2019. His deep knowledge and understanding of all the gambling regulations, and processes makes him a true asset, and an always valuable point of view for Gambling Industry News, allowing us to cover every topics from a brand new perspective.