Zona de Azar Argentina – Argentina: New Bill that Affects Prizes in the Sector

Argentina.- July 15, 2024 www.zonadeazar.com After a meeting held between representatives of the Chamber of Official Agencies of the City Lottery and the Deputy of the Civic Coalition Dra Marcela Campagnoli (Photo), where several issues inherent to the activity, on July 11, the bill on the modification of law 20,630 was presented for study and subsequent treatment in the Honorable Chamber of Deputies.

“It is a very important step in which we are working together to achieve our objectives, something that has not been modified for years and its adaptation will make the work and operations of all colleagues easier,” said Marcelo Iemma, and announced that will make available all the technical-administrative tools to ensure that this project becomes law.

It should be noted that Congresswoman Campagnoli was the first to present a bill to limit the advertising of online games and that later she presented another bill for the Prevention of Childhood and Adolescent Gambling Disease in Online Games.

Summary of the Bill:
Modification of Law 20,630:

Article 1:

Prizes subject to tax: These include prizes won in raffles, lotteries, raffles and sports betting contests (except horse racing), organized in the country by official or private entities with authorization.
Exclusions: Prizes from Quiniela and Casino games (official gaming rooms) are not taxed, nor are prizes that remain in the possession of the organizing entity due to the absence of third-party beneficiaries.

Article 5:

Exemptions: Prizes whose net amount does not exceed $1,600,000 are exempt from tax. This amount will be updated annually according to the wholesale price index provided by INDEC.
Fundamentals of the Modification:
Clarification: The wording of Article 1 of the original law was confusing and led to judicial decisions to interpret it correctly. The modification seeks to make the law clearer and easier to apply.
Updated Exempt Amount: The original exempt amount ($1,200 in 2003) was not updated properly, causing inconvenience among bettors.

It is proposed to update the amount to $1,600,000 and adjust it annually to avoid updating due to inflation.
Influence of the Economy: To maintain the relevance of the exempt amount in the face of inflation, an update coefficient is included based on national economic indices.

Requests and Support:

Reasoning: The modification takes into account both legislative clarity and economic updating, seeking to avoid future problems.
Request for Approval: Representative Marcela Campagnoli asks her colleagues to support and approve the bill, based on the need for clear and updated legislation.

These are the most notable points of the Bill that proposes to modify articles 1 and 5 of Law 20,630, adjusting and clarifying the regulations on taxable and exempt prizes in games and betting in the country.

Proyecto de Ley (Premios)

Edited: @_fonta www.zonadeazar.com