Chilean government proposes additional 3% tax and ban on online betting advertising

Submitted within the deadline set by the Senate , the 114-page initiative, titled “Bill to Regulate Online Betting, Protect Children and Prevent Gambling Addiction,” bears the signatures of President José Antonio Kast and ministers Jorge Quiroz, Daniel Mas, May Chomalí, Fernando Rabat and Claudio Alvarado. The bill stipulates that platforms must apply for a five-year license, subject to an annual fee of 1,000 UTM (Unidad Tributaria Mensual; Monthly Tax Unit), equivalent to roughly US$73,239.