This story is from April 07, 2018
Casino fee hike: Govt studying operators’ demand
PANAJI
: The state government is studying the casino operators’ demand to review the decision to hike the fees. Chief secretary Dharmendra Sharma, who is also holding the charge of home secretary, has forwarded the casino operators’ representation to the finance department to assess the demand.To increase the state’s revenue, the government hiked the casino licence fees by up to 4.5 times. The finance department order came into effect from April 1. Goa has six offshore casinos and nine land-based casinos. The order will increase the annual revenue by approximately Rs 150 crore.
The annual recurring fee for offshore vessels with capacity of over 400 passengers has been hiked by 3.5 times, which means the new fee stands at Rs 40 crore as against the earlier Rs 12 crore. The hike in the same fee for other vessels ranges between 2.5 and 4.5 times.
For offshore casinos with passenger capacity above 200 and up to 400, the fee has been hiked to Rs 30 crore a year, while vessels with passenger capacity of up to 200 it has been increased to Rs 25 crore. The licence transfer fee for onshore casinos has been increased to Rs 30 crore, while for offshore casinos the fee stands at Rs 50 crore.
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Top Comment
Lalit Bhurat
2420 days ago
Hiking tax would result in huge loss in revenue to govt and many would be joblessRead allPost comment
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