The Victorian Racing Industry (VRI), comprising Racing Victoria (RV), Greyhound Racing Victoria (GRV) and Harness Racing Victoria (HRV), has welcomed the Victorian Government’s decision to increase the Point of Consumption Tax (POCT) pass-through to the VRI in connection with an impending increase to the POCT rate.
The Victorian Government has today announced that following the passage of legislation, effective from 1 July 2021, the POCT on wagering by Victorian residents will increase from 8% to 10% of Net Wagering Revenue (NWR), bringing it into line with the POCT rate currently in place in New South Wales.
The Government has also Read full article
Source:: https://www.grv.org.au/news/2021/01/20/victorian-point-of-consumption-tax-review/
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