CASINO TAXATION ACT
Act · Finance
An Act imposes tax on the gross takings of licensed casinos in Nigeria. It targets casino operators and revenue authorities through monthly returns and tax payments. This generates revenue for the government from the gaming sector.
CASINO TAXATION ACT
What Is This Policy?
An Act imposing tax on the gross takings of casinos operating in Nigeria, providing a fiscal framework for the taxation of casino gaming activities.
Who Does It Target?
Licensed casino operators in Nigeria The Federal Inland Revenue Service State governments where casinos are licensed Tourism and hospitality regulators
What Does It Aim to Achieve?
Capture tax revenue from casino operations as part of Nigeria's taxation of the gaming and entertainment sector.
Key Features
Gross Takings Tax: A tax is imposed on the gross takings (total wagers less prizes paid) of licensed casinos. Monthly Returns: Casino operators must file monthly returns and pay the tax within prescribed deadlines. FIRS Administration: FIRS administers the casino tax and conducts audits of casino accounts. Licence Linkage: Casino licence is conditional on compliance with tax obligations.
Current Status
Rollout Stage: Active Coverage: Licensed casinos in Nigeria Beneficiaries: Government revenue; tourism sector Funding: Revenue measure
How to Access
Casinos must register with FIRS for casino taxation Monthly returns must be filed by the due date Cooperate fully with FIRS audits of casino records Application method: Register with FIRS. File returns at https://www.firs.gov.ng
Important Terms
Failure to file returns attracts penalties and interest FIRS may obtain access to casino records without prior notice Tax evasion by casino operators attracts criminal prosecution
Official Resources
Website: https://www.firs.gov.ng Contact: Federal Inland Revenue Service (FIRS)
Legal Framework
Enacted under the legislative powers of the National Assembly as the Casino Taxation Act (Cap C8 LFN 2004). Operates alongside the Finance Acts (which may adjust rates), the Federal Inland Revenue Service (Establishment) Act, and the National Lottery Commission Act. The National Gaming and Casino Policy provides the regulatory context. Aligns with FATF Recommendations on anti-money laundering compliance in gaming establishments.