Imposition of gaming tax

(1) A tax to be called “gaming tax” shall be charged in respect of gaming at every licensed gaming premises. (2) The gaming tax shall be at such rate of the amount collected in respect of gaming by the licensee as the Minister may from time to time by Regulations prescribe. (3) The licensee shall collect the gaming tax and account for it in such manner as may be prescribed. (4) The gaming tax due under this Act shall be paid to the Commissioner at such time as the Minister may from time to time by Regulations prescribe, together with a return in such form as may be specified by the Commissioner. (5) The proceeds from the gaming tax collected under this Act shall be used exclusively for the purposes of promoting education, sports and culture.