GGR tax likely to be in mid single digits: analyst

Gaming establishments in Cambodia will likely be subject to a tax rate in the “mid single digits” once the regulatory and tax bill comes into place, note Union Gaming analysts.

The brokerage said this is based on NagaCorp’s earnings event last week, which had several high level government officials from the Ministry of Economy and Finance, Ministry of Tourism, and the Ministry of Interior in attendance.

“The official noted that the tax rate would be even more competitive than the current lowest GGR tax rate in the region,” said the brokerage.

“In a separate follow-up we came away with a high level of confidence that the blended GGR tax rate in Cambodia will ultimately be in the mid single digits.”

Union Gaming says it believes the government is aiming for the finalization of its regulatory and tax bill within the first half of 2017.