Current Affairs

More Tax Collection Expected from Casinos in the coming Season

While the off-shore casinos in Goa have been on the receiving end of criticism for several violations; the Income Tax department – Goa sees the both the on-shore and off-shore casinos as a source to generating higher revenues for the government through payment of their corporate taxes.

According to S Korgaonkar, commissioner, Commercial Taxes Department, “Higher revenues can be expected from the Casinos, off-shore and in-hotel, operating in the state.”
Until FY 2006-07, the department was earning Rs 5 crore as taxes from the Casinos but now it averages about Rs 30 crore,” he said adding that during the last fiscal, Rs 36 crore were collected from the Casinos.
Goa has six off-shore casinos mounted on the vessel and plying in Mandovi River adjacent to the state capital of Panaji.
Korgaonkar said that the tourism season beginning from October-November would also be a big revenue earner for the department.

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