Gaming licence is administered under Gaming Control Act [CAP 172].
In order for any individual, group or company to conduct gambling activities, a Gaming Licence must be obtained.
There are two types of gaming licences, that is:
- Private Club Licence.
- Public Club Licence.
Procedure in obtaining a Gaming Licence:
- Submit application and project proposal to the Director of Customs and Inland Revenue (Click here to access application form),
- Application forwarded to the Council of Ministers for its consideration and approval,
- If approved, the Director of Customs and Inland Revenue grants licence with the Terms and Conditions,
- If rejected, the Director of Customs and Inland Revenue let the applicant knows of the decision made.
- Both licences are valid for one year, and the renewal fee is to be paid on or before the first day of the succeeding year.
Gaming Licence Fees:
- Public (profit) Club – VT 5,000,000
- Private (non profit) Club – VT 1,650,000
- A gaming licence is also required under the gaming control act to lodge and pay gaming duty every month.
- Public Club – 30% of total gross profit
- Private Club – 7.5% of total gross profit
- Due Date: Returns are to be lodged on a monthly basis. It is to be lodged before or on the last working day of the following month.
- Penalty: 10% per month on tax payable
(Click here to access application form)