Malta and gambling taxes was complicated when I looked into it. One of those "you'll probably get away with it but if tax authorities weren't so lazy you could end up having to pay tax on your winnings" situations. But if not tax free it will at least be low taxes.
Best countries to live in for sports betting
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carambaSBR Sharp
- 05-03-12
- 371
#36Comment -
packerd_00SBR Posting Legend
- 05-22-13
- 17805
#37The United Kingdom is the best without question, got a Bookie on every street corner. It's pretty much a candy shop for any Sports Bettor.Comment -
SBERestricted User
- 01-16-16
- 271
#39
"something smaller" - I saw the prices there are not higher as anywhere else in western Europe), and as being a
citizen of any other EU country, there should be no problem I suppose. Until I do not tell them (why would I do so ?)
that I am "a professional gambler" (though such " occupation" officially really does not exist). Who will care what am
I doing while being on a holiday ? Any comments are appreciated, please. Thank you.Comment -
stevek173BARRELED IN @ SBR!
- 03-29-08
- 27598
#41I continue to do well in Siberia.
Being a sex slave for only hot girls gets demanding, but it works for me.Comment -
MediterraneanSBR Rookie
- 05-12-18
- 27
#43It seems that UK & Ireland got similar approach towards gambling and it's not considered as a trade due to it's not required to be included in an annual income tax form.
Furthermore the same interpretation of law was applied in Malta a while ago (1957). Case No. 34/56.
However I'm not sure how it looks now, maybe someone else could provide some more info about the current status there.Comment -
lonnie55SBR MVP
- 04-08-16
- 2689
#45Here is something about taxes in Europe (dont know how accurate it is)
https://www.cheekypunter.com/faq/do-...ling-winnings/Comment -
moojooSBR Wise Guy
- 09-02-16
- 938
#46But in germany you pay taxes on your stake, 5%. Isnt that all?Comment -
lonnie55SBR MVP
- 04-08-16
- 2689
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KVBSBR Aristocracy
- 05-29-14
- 74817
#48
lol. I'm guessing they are all Will Hill like in behavior.
Hope all is well with you Pack.
Comment -
packerd_00SBR Posting Legend
- 05-22-13
- 17805
#49
I still prefer to bet online more though, given that Bet365 doesn't have their own shops for some reason.
I'm good mate, hope you're doing okay, been awhile.Last edited by packerd_00; 02-18-19, 03:28 PM.Comment -
moojooSBR Wise Guy
- 09-02-16
- 938
#50But you need to know,its not same kind of people inside US sportsbook and inside Europeans. Bums crawl all over those places. It better just to bet online... its not pub like feeling when watch games,more like homeles shelter with big screens.Comment -
OptionalAdministrator
- 06-10-10
- 61396
#51
And I mean in insidious ways, right down to using AI to identify what week of the month, or day of the week, people are paid and slamming them with promos that day. It's an ugly ugly industry in the UK imho.
IMHO it is close to the worst of the big legal jurisdictions, as far as the regulator caring at all about Fair Bookmaking Practices.
Plus they have legally pushed books there into asking for payslips, bank statements, proof of money source and all sorts of riciculously private things for bookmaker to deal with.
And this has started infecting other books thinking outside the UK.
Honestly, UK would be below USA for me as far as a destination for a pro gambler.
USA, like Australia has, will hopefully tell these UK urger corporate books to pull their damn heads in and play more fairly in the USA..Comment -
LimitedSBR Sharp
- 09-18-15
- 303
#52I don't agree with "grey area" view when it comes to taxes. The law must be clear. Who is paying, what is paying for, how much is paying etc.... You can't be charged from a tax agency, just because something is not defined yet or just because some laws are missing. So if there is no explicit law that tells how much (%) must a pro-gambler pay, and how exactly is the tax calculated, what is the base and who is the payer. If this kind of regulation doesn't exist, then I agree with those who say that there is no tax.
When it comes to regulatory questions there is no space for grey, or it is black or it is white. You must pay some tax, because there is a specific law/article that makes it obligatory for you to pay, or the law doesn't exist and so you don't need to pay a tax.Comment -
moojooSBR Wise Guy
- 09-02-16
- 938
#53Can we make consensus what money is involved when you say pro gambler. If you gonna bet 100k match best is Asia then. Europe is good but i doubt you can put 20k on some bet at local shop.Comment -
eath1SBR Rookie
- 02-12-19
- 18
#54Thanks for the answers. From what I've seen the country that's closer to what I'm looking is Austria. I can bet on pinnacle there without problems and the winnings are not taxed.
Another interesting country would be Malta but the information I've read is a bit confusing. Does anyone have more information on gambling in Malta?Comment -
lonnie55SBR MVP
- 04-08-16
- 2689
#55I don't agree with "grey area" view when it comes to taxes. The law must be clear. Who is paying, what is paying for, how much is paying etc.... You can't be charged from a tax agency, just because something is not defined yet or just because some laws are missing. So if there is no explicit law that tells how much (%) must a pro-gambler pay, and how exactly is the tax calculated, what is the base and who is the payer. If this kind of regulation doesn't exist, then I agree with those who say that there is no tax.
When it comes to regulatory questions there is no space for grey, or it is black or it is white. You must pay some tax, because there is a specific law/article that makes it obligatory for you to pay, or the law doesn't exist and so you don't need to pay a tax.Otherwise it's tax fraud.
To break it down: Two of three main criterions would apply to say sports betting is taxable
1. Legal or Illegal? Does not matter for taxation
2. Main income? Check. Own account? Check. Own responsibility? Check. Permanent activity? Check. Intention to make long-term profit? Check.
3. One of the seven categories of income? No.
A practical example: https://www.casinoonline.de/nachrich...y-scharf-3982/
Eddy Scharf, a German poker professional, had an advance ruling of the finance authority that playing poker professionally is not taxable because it's gambling. 9 years later the Federal Finance Court declared this decision invalid and sentenced him to pay retroactively a 6 figure tax amount. It was a total shock, not only for him but also for all the law experts and the whole industry itself. It was the first time a poker player had been sentenced to pay taxes ALTHOUGH the laws were not clear and even the responsible finance authority said something else.
If not professional gambling what else is a grey area in terms of being taxable or not. At least at this place it definitely is.Comment -
LimitedSBR Sharp
- 09-18-15
- 303
#56@lonnie55
Still not a grey area but I would call it over-regulation. You have 2 contradictory laws covering same area. That's a problem of your legislator. The court has an ungrateful task to determinate what will prevail, to create a precedence. Next your government should make amendments to the law, to solve the issue.
Regarding taxation of illegal activities. They can't be tasked. Illegal activities are a matter of a criminal code, not a matter of taxation.Comment -
lonnie55SBR MVP
- 04-08-16
- 2689
#57How is this not a grey area? There is no clear law. Some authorities say this, others that. And in the end you do not even know if a court could overrule the authority.
On paper there is no professional sports bettor because the common perception is that sports betting is gambling. That is the main problem with that.
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LimitedSBR Sharp
- 09-18-15
- 303
#58How is this not a grey area? There is no clear law. Some authorities say this, others that. And in the end you do not even know if a court could overrule the authority.
Regarding the article, cant comment single case, I'm also not so good in German but generally speaking illegal activity can't be taxed. However if you cant explain how you have earned your income, you'll probably have to pay the high % of tax. But I don't know enough German legislation, so could be that u have some weird cases in the court.Comment -
OptionalAdministrator
- 06-10-10
- 61396
#59It's definitely taxable in Australia.
Although the interesting thing about the rules is you only have to declare it if your criminal activity is regular and meets the broad definition of business activity.
As in the case of an illegal bookmaker.
But if you just rob a bank once, and don't primarily derive income from bank robbery in general, it's not necessarily taxable!
(seriously)
.Comment -
HeeeHAWWWWSBR Hall of Famer
- 06-13-08
- 5487
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lonnie55SBR MVP
- 04-08-16
- 2689
#61Not necessarily. For example, the question if online gambling is legal or illegal at my place is a total grey area ALTHOUGH there is a law that says online betting is prohibited. So why is it a grey area? Because enforcement authorities don't take any measures against people who participate in online gambling. They fear that banning gambling providers that are licensed in other EU countries could break EU law. There is only one case where a lower court confiscated the Black Jack winnings of a guy but a higher court quashed that verdict later saying that German law can not be applied for a book that is licensed in another country: https://www.casinoonline.de/nachrich...ler-frei-6101/ (google translate works fine BTW)Comment -
LimitedSBR Sharp
- 09-18-15
- 303
#62there is a law that says online betting is prohibited
Otherwise you could claim also that dealing drugs is a grey area, cos maybe authorities in some places do not enforce the law. I cant remember when was someone arrested for drug dealing in my area in last 20 years. Doesnt mean here is no drugs, also doesnt mean it is a grey area.
And unlike Germany where you say that u have a law that makes gambling illegal, I haven't seen something similar for Malta. But OP should research more to be sure.Last edited by Limited; 02-19-19, 05:56 PM.Comment -
lonnie55SBR MVP
- 04-08-16
- 2689
#63I don't know. Every lawyer and law expert says it's a grey area. You can go to police and say "I just made a bet at an online book" and they won't care. Out TV commercials are full of illegal betting commercials but no one cares (there is a law which says that promoting sportsbooks is illegal, too). Our football clubs are sponsored by illegal sportsbooks but no one cares. Even our football federation, DFB, is partnered with an illegal sportsbook but, guess what, no one cares. And there is another reason why no one cares: From 2021 online gambling will be fully regulated and legal. But at the moment there is a law which is not enforced so online betting is tolerated BUT theoratically you still could get sentenced for participation in illegal sports betting. It's just very unlikely.
Otherwise you could claim also that dealing drugs is a grey area, cos maybe authorities in some places do not enforce the law. I cant remember when was someone arrested for drug dealing in my area in last 20 years. Doesnt mean here is no drugs, also doesnt mean it is a grey area.Comment -
AimHigherSBR Hustler
- 01-18-19
- 50
#64
Note: I didn't look much into the 'tax' issue, so I can't answer.Last edited by AimHigher; 02-20-19, 07:40 AM.Comment -
AimHigherSBR Hustler
- 01-18-19
- 50
#65
But they have access to all of the betting exchanges, no? There are many, many valid stories of people who make $100,000+ a year on Betfair.Last edited by AimHigher; 02-20-19, 07:58 AM.Comment -
HeeeHAWWWWSBR Hall of Famer
- 06-13-08
- 5487
#66
Yeah, if trading is your thing. Betfair is circling the plughole since it merged with PaddyPower though.
I'd go Guernsey or Isle of Man if it was purely betting reasons. Access to everything inc native pinny, close to UK laws.Comment -
SnowballBARRELED IN @ SBR!
- 11-15-09
- 30054
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moojooSBR Wise Guy
- 09-02-16
- 938
#68Making 100k per year in Uk where your monthly living vosts would be st least 5k....Comment -
Maw011SBR Rookie
- 09-17-17
- 28
#69I would put Costa Rica and parts of Mexico on the top of my list if I was a big winner sportsbetter.Comment
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