01st July: 6% tax on sports betting ends

From tomorrow no more 6% tax on sports, hope horse racing follows same way in near future.

Question i have is it it all bets placed from 01st July or all bets settled from 01st july - anyone know?

cheers

On July 01 Southpaw. So even if you've taken bets last month, there'll be no tax on your bets that end July 01 and later

Coming soon



Return to player 89% (From NGB 2007 stats and NOT 75% as recently misled / reported on You be the judge)

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Here now



Return to player 75% - 82%

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From 1st July



No tax

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No problem for racing folk then...?

Hi Cats, I think its because sport still so small here. Thats not a very good reason of course but i think powers that be are reluctant to give up the horseracing income. A narrow minded approach in my opinion which is likely what you were getting at with your question.

Just posted an article on Sportingweb which you may find interesting. Gives some monetary feel as to what the 6% benefit will mean to sports punters.

www.sportingweb.co.za/sportingweb/view/s...3?oid=6843&sn=Detail

Cheers

Hi Guys,my first time on this forum commenting, and just to let you know this site is great. Could someone please tell me what would happen if i place a double on a horse race and a sporting event. Would the full 6% apply because of the horse race or would there be a lower tax.

Full 6%, Shrek.

Thank you.