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Costa RicaWhile the Central American country Costa Rica is home to approximately 400 online gambling companies, it still does not have legislation designed to deal with gambling over the Internet. With the election in 2010 of Costa Rica’s newest President, Laura Chinchilla, that may all change. Because of the absence of legislation dealing with online gambling, the businesses and operations of Costa Rica-based gaming companies are not subject to the regulations, monitoring, and testing to which most offshore governments subject their licensees. Most companies are self-regulated. Because there is no official organization to recognize license holders, there is no betting or gaming tax. Instead, companies operate under a "data processing" license. Newly elected President Chinchilla hopes to establish a gaming control board for online gaming. The Finance Ministry has released draft plans for regulating said industry. Included in the plan is a tax on online gaming of 0.5 % of gross income to help fund the control board. Additionally, a 5 % tax would be levied for the fight against crime. The new board would report to the Minister of Interior and Police and would process six-year gaming licenses at a suggested annual fee of USD $50,000. This proposal is the latest in what has been a long and, thus far, fruitless attempt on the part of the government to regulate and tax the online gaming industry. 187 Costa Rica sites support English. edit your preferences Costa Rica
Address
Costa Rica Commerce, Industry and Economy Ministry Edificio del IFAM San Jose, San José Costa Rica 10216-1000 Website Fax +506 2 235 1429 General Information +506 2 235 2700 View All Gaming Jurisdictions Costa Rica Jurisdiction News
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