Chile Advances Online Betting Law as Senate Committee Unanimously Approves
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The Senate Finance Committee voted unanimously in favor of the bill regulating online betting. The decision moves the bill to the next stage — a vote on the Senate floor and opens a window for submitting amendments.
In an official communication, the Finance Ministry emphasized the initiative’s goals: protecting players, combating illegal operators, and increasing transparent fiscal revenues. For the market, this signals that a months-long pause is over and the process is moving forward again.
Taxes and the Finance Ministry’s stance
Deputy Finance Minister Heidi Berner stated that the overall tax burden for operators will not exceed about 28%, including the 19% VAT. No VAT exemptions are planned: online betting is treated like other digital services.
Berner also urged industry participants to prepare constructive amendments for the next stage. The final configuration of rates and requirements will be determined during discussions in the Senate and the relevant committees.
Context and timeline
The bill was approved by the Chamber of Deputies on December 12, 2023, and supported by the Senate’s Economics Committee on April 2, 2024. After a period of stagnation, the government restored the bill’s “highest-urgency” status, accelerating its progress.
Next, the document will be put to a vote on the Senate floor. If approved, a period for filing amendments will open, followed by further review in the Economics and Finance Committees. We will continue to monitor developments and report on the dates of sessions and key changes.
Source: https://www.hacienda.cl/subsecretaria/noticias/comision-de-hacienda-del-senado-aprobo-en-general-por-unanimidad-el-proyecto-de
