Racing Queensland (RQ) looks forward to engaging with the State Government following the release of today’s budget papers confirming the introduction of a point of consumption tax on wagering.
The tax will be applied at a rate of 15% of net wagering revenue earned from bets placed by Queensland residents through betting operators licensed in Australia.
The decision to defer the introduction of the tax to 1 October 2018 provides an opportunity for RQ to further engage government on how the taxation revenue will best support QLD racing.