Obligations etc. of licensee

(1) The Licensee may in consultation with the Committee and any other relevant authority, establish a system of data collection for sale of tickets in that national lottery. (2) The licensee may, with the approval of the Committee, engage the service of an independent lottery expert to conduct an audit of the lottery process and equipment at least every two and one-half years. (3) The licensee shall pay the prescribed lotteries tax and business tax under the Income and Business Tax Act. (4) The cost pursuant to subregulation (2) shall be borne by the licensee. (5) The licensee shall submit, along with the payment of taxes under subregulation (3), to the Commissioner of Income Tax a statement of sales showing the calculation of taxes per game played. (6) The licensee shall within fifteen days of the end of the preceding month, submit monthly reports to the Committee, the Commissioner of Income Tax and the Ministry showing monthly revenues and taxes paid to the Government. (7) Where the licensee fails to make a payment under subregulation (5), within thirty days of a payment becoming overdue, the licensee shall pay an additional one percent per month of the outstanding balance. (8) The licensee shall deduct the appropriate tax from the prizes in accordance with the Income and Business Tax Act, before the payment of a prize is made under Regulation 8(3) and forthwith pay same to the Commissioner of Income Tax and every such amount is a debt owing by the licensee to the Government, which is recoverable as such. Lotteries Control 15 (9) The licensee is not entitled to a refund of any tax or other monies paid in respect of tickets which remain unsold. (10) For the purpose of this Regulation, “independent lottery expert” is a person approved by the Committee as sufficiently qualified in lottery processes and trained in the creation and use of the lottery systems in Belize. (11) A person who fails to comply with the obligations under this Regulation commits an offence.