The Paraguayan government has formally established regulations for its new gambling law through a recent decree. This significant move follows President Santiago Peña’s enactment of Law 7483, aimed at revising the legal framework for gambling operations in the country. A notable change in this legislation includes the transition of Conajzar to the National Directorate of Tax Revenues (DNIT), which will enhance oversight capabilities to address irregularities and illegal gambling activities in Paraguay.
The decree provides a clear outline of responsibilities for both Conajzar and the DNIT, ensuring all administrative decisions maintain legal validity. Furthermore, it establishes guidelines for the implementation of the gambling regulatory framework within Paraguay.
Conajzar will gain critical powers such as authorising gambling operations, issuing various regulations, and establishing operational rules. It will now be able to approve new forms of gambling, develop tender documents, and award licenses based on specific criteria. Notably, the initial approval for national gambling licenses will require the consent of the Executive Power.
Another key point of the decree is the creation of the General Directorate of Gambling, which will be the technical body responsible for enforcing all gambling policies and regulations. This new directorate will coordinate with DNIT to provide assistance in fiscal oversight and ensure compliance with tax control measures. Additionally, it will be equipped to immediately shut down establishments involved in illicit gambling and confiscate related items.
Key Points
- The decree establishes regulatory guidelines for Paraguay’s new gambling law.
- Conajzar is now under the DNIT’s oversight, enhancing regulatory control.
- Conajzar can authorise and regulate gambling activities, including licensing.
- A new General Directorate of Gambling has been created for policy enforcement.
- The decree emphasises transparency, modernisation, and efficiency in the gambling sector.
Why should I read this?
If you’re interested in the evolving landscape of gaming regulations in South America, this article lays out the nitty-gritty of Paraguay’s new gambling law and its implications. Understanding these changes is crucial for stakeholders in the gaming industry and anyone keeping an eye on regulatory trends in the region. We’ve done the reading, so you don’t have to!
