{"id":5676,"date":"2020-01-08T12:06:00","date_gmt":"2020-01-08T12:06:00","guid":{"rendered":"https:\/\/www.rivernilecasino.com\/?p=5676"},"modified":"2021-03-29T07:33:39","modified_gmt":"2021-03-29T07:33:39","slug":"japan-to-introduce-withholding-tax-for-non-nationals-gamblers-at-planned-resorts","status":"publish","type":"post","link":"https:\/\/www.rivernilecasino.com\/japan-to-introduce-withholding-tax-for-non-nationals-gamblers-at-planned-resorts\/","title":{"rendered":"Japan to Introduce \u201cWithholding Tax\u201d for Non-National Gamblers at Planned Resorts"},"content":{"rendered":"<p class=\"post-modified-info\"><a class=\"last-modified-author\" href=\"https:\/\/www.rivernilecasino.com\/author\/charlotte\/\">Charlie<\/a> | January 8, 2020 | Updated on: March 29th, 2021<\/p><p>In Japan, lawmakers are debating a &#8220;withholding tax&#8221; for non-citizens who play at casinos. This tax is a first for Japan, they have plans to impose a system that allows the withholding winnings as part of a new tax strategy. \u00a0Japanese policymakers are adamant about the need for a new tax framework for reasons involving attracting investors.<\/p>\n<p>Of course, there&#8217;s a lot to consider for this to work, for example:<\/p>\n<ul>\n<li>How much will be withheld?<\/li>\n<li>How will it work?<\/li>\n<li>Will it impact gambling?<\/li>\n<\/ul>\n<img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-6339 size-full\" title=\"Withholding Tax Considered in Japan\" src=\"https:\/\/www.rivernilecasino.com\/wp-content\/uploads\/2020\/01\/withholding-tax-considered-in-japan.png\" alt=\"Withholding Tax Considered in Japan\" width=\"500\" height=\"312\" srcset=\"https:\/\/www.rivernilecasino.com\/wp-content\/uploads\/2020\/01\/withholding-tax-considered-in-japan.png 500w, https:\/\/www.rivernilecasino.com\/wp-content\/uploads\/2020\/01\/withholding-tax-considered-in-japan-300x187.png 300w\" sizes=\"(max-width: 500px) 100vw, 500px\" \/>\n<p>&nbsp;<\/p>\n<h2><span class=\"ez-toc-section\" id=\"How-will-the-New-Withholding-Tax-Work\"><\/span>How will the New Withholding Tax Work?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Plenty of other countries have operational tax systems for their gambling revenue, such as the United States and South Korea.\u00a0 In the USA, the IRS has a fixed 25% fee on all gambling winnings. Thus, the government is entitled to take a percentage from any non-citizen win.<\/p>\n<p>At the moment, Japan still needs to propose the framework to its legislation. And if it is considered, the withholding tax can only start in 2021.<\/p>\n<p>Japan is Asia\u2019s second-largest economy after China. Making this impressive and telling of the country\u2019s economic power because it is much smaller than the forerunner. Tokyo will be home to integrated resorts and other ventures by 2025.<\/p>\n<p>These will be gaming facilities containing all sorts of entertainment features, as gaming is a booming industry in Asia.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Whats-the-Motivation\"><\/span>What&#8217;s the Motivation?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>In the United States, gambling winners pay 5% more over the 25% tax rate. This means 30% as a flat rate gathered from all winnings. These fines are lucrative for governing agencies like The States\u2019 IRS, which is why other countries can attract investment potential by having tax frameworks such as the one we see The States.<\/p>\n<p>However, the government doesn&#8217;t have a withholding tax policy. Casinos have to report non-payment or deduct it before cashout.<\/p>\n<p>Although these developments are still looming in the thicket of proposals, there is no doubt that the Japanese casino market is about to go through an evolution with these integrated facilities and sought after laws.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Latest-News\"><\/span>Latest News<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li><a href=\"https:\/\/www.rivernilecasino.com\/new-true-rewards-loyalty-program-from-golden-entertainment\/\">New True Rewards Loyalty Program from Golden Entertainment<\/a>\u00a0<span class=\"post-date\">January 7, 2020<\/span><\/li>\n<li><a href=\"https:\/\/www.rivernilecasino.com\/tennessee-opens-door-towards-legal-online-sports-betting-regulations-in-progress\/\">Tennessee Opens Door towards Legal Online Sports Betting; Regulations in Progress<\/a>\u00a0<span class=\"post-date\">November 25, 2019<\/span><\/li>\n<li><a href=\"https:\/\/www.rivernilecasino.com\/wynn-resorts-in-the-clear-after-court-case-is-closed-for-boston-resort\/\">Wynn Resorts in the Clear after Court Case is Closed for Boston Resort<\/a>\u00a0<span class=\"post-date\">November 19, 2019<\/span><\/li>\n<li><a href=\"https:\/\/www.rivernilecasino.com\/canadian-study-proves-gamblers-fallacy-overspending\/\">Canadian Study Proves Gambler\u2019s Fallacy &amp; Overspending Increases When Alcohol is Involved<\/a>\u00a0<span class=\"post-date\">November 18, 2019<\/span><\/li>\n<li><a href=\"https:\/\/www.rivernilecasino.com\/connecticut-democrats-pushing-to-legalize-sports-betting-cannabis-for-more-cash\/\">Connecticut Democrats Pushing to Legalize Sports Betting &amp; Cannabis for More Cash<\/a>\u00a0<span class=\"post-date\">November 15, 2019<\/span><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Charlie | January 8, 2020 | Updated on: March 29th, 2021In Japan, lawmakers are debating a &#8220;withholding tax&#8221; for non-citizens who play at casinos. This tax is a first for Japan, they have plans to impose a system that allows the withholding winnings as part of a new tax strategy. \u00a0Japanese policymakers are adamant about [&hellip;]<\/p>\n","protected":false},"author":17,"featured_media":6339,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8751,3531,1,8752],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Withholding Tax for non-Japanese Gamblers| Casinos introduce Tax<\/title>\n<meta name=\"description\" content=\"New Casinos introduce Withholding Tax for Non-Japanese casino goers when new casino resorts complete. 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