Singapore Lowers Fruit Machines Duty

Tax-news.com, 15 Feb 2011During a second reading of the Private Lotteries Bill 2011 in parliament, Singapore’s Second Minister for Finance and Transport, Lim Hwee Hua, announced that the government will lower the private lottery duty for fruit machines to 9.5% of actual gross turnover, instead of the 12% planned earlier.This reduced tax rate of 9.5% takes into account both the data and feedback