Countries with less % of taxation on winnings

[thebaibol]

Which are the countries where you must pay les taxes for your yearly winnings? I live in spain and its 30%!!

[juicername]

Are you not allowed to deduct the losses? That sucks.

[craftbrewer]

13% in Russia

[newton0038]

Canada: Zero taxes on any and all gambling/lotto winnings. On the flip side u cannot deduct losses and the highest payout for lotto was a couple weeks back for $65 million. No taxes or getiing paid immediately fees( Lump sum payment in USA is what 50%?). Canada does not have a 20 year payout system unless u are playing a "cash for life " or "$1000/day for life" game. If u take the life payments, its an annuity and taxed as income. if not the buy out is just shy of the 20 years value of payments... and no tax!

[thebaibol]

wow awesome!

[HeeeHAWWWW]

UK and many Commonwealth countries are 0%.

[dealer wins]

The US taxation of gambling winnings is obscene, pure theft as people gamble with money they have already earned and paid tax on!

[LLXC]

Canada: Zero taxes on any and all gambling/lotto winnings.

For Canada, it’s 0% as long as sports betting / poker is not your “job.”

[Baraldsson]

The US taxation of gambling winnings is obscene, pure theft as people gamble with money they have already earned and paid tax on!

I absolutely agree with you that taxation of gambling winnings is wrong & unfair. However, claiming that "people gamble with money they have already earned and paid tax on" is a very sweeping statement. True for many, no doubt, but certainly not for all.

[eaglesfan371]

I absolutely agree with you that taxation of gambling winnings is wrong & unfair. However, claiming that "people gamble with money they have already earned and paid tax on" is a very sweeping statement. True for many, no doubt, but certainly not for all.

House makes 10% on slots, 2% on table games. Government keeps 20-30% of profits usually or more. Players hardly ever win. When they do, we must pay 25% of it to the government. When we have losing years we are not able to carry that forward to offset future wins or previous year losses, yet they allow you to carry forward 3k in stock investment loss and other "investments" which are also essentially a "gamble".

The US is bullshit when it comes to taxation on gambling.

[Baraldsson]

House makes 10% on slots, 2% on table games. Government keeps 20-30% of profits usually or more. Players hardly ever win. When they do, we must pay 25% of it to the government. When we have losing years we are not able to carry that forward to offset future wins or previous year losses, yet they allow you to carry forward 3k in stock investment loss and other "investments" which are also essentially a "gamble".

The US is bullshit when it comes to taxation on gambling.

Think we have crossed wires here, brother. Absolutely agree that taxation of gambling winnings is wrong and shouldn't happen.

My point was that many people don't actually earn the money they gamble. I know people who collect dole (welfare) and gamble/drink/snort/inject it instead of putting food on the table for their kids etc. They haven't earned (or paid tax on) this money is what I'm saying.

[xKMACKx]

Canada is 0% unless you do it for a living.

[Kaplan]

House makes 10% on slots, 2% on table games. Government keeps 20-30% of profits usually or more. Players hardly ever win. When they do, we must pay 25% of it to the government. When we have losing years we are not able to carry that forward to offset future wins or previous year losses, yet they allow you to carry forward 3k in stock investment loss and other "investments" which are also essentially a "gamble".

The US is bullshit when it comes to taxation on gambling.

The US is bullshit when it comes to taxation on the little man.

[Sancte]

I'll work off of most of the info placed in this thread already. Almost every country except the US and the Philippines* do not tax gambling winnings. Gambling is illegal in China and India*. In Canada it is taxed if your main occupation and I believe it is more than 13% in Russia at a certain point. I'm surprised to hear it's 30% in Spain esp considering many schengen countries don't tax gambling winnings. India * is too complicated for a tl;dr version and Philippines doesn't tax overseas income so...

[Optional]

I'll work off of most of the info placed in this thread already. Almost every country except the US and the Philippines* do not tax gambling winnings. Gambling is illegal in China and India*. In Canada it is taxed if your main occupation and I believe it is more than 13% in Russia at a certain point. I'm surprised to hear it's 30% in Spain esp considering many schengen countries don't tax gambling winnings. India * is too complicated for a tl;dr version and Philippines doesn't tax overseas income so...

I don't think Spain taxes end user winnings.

Did not know about Russia but also thought it was just USA and a small handful of outliers that did.

[thebaibol]

House makes 10% on slots, 2% on table games. Government keeps 20-30% of profits usually or more. Players hardly ever win. When they do, we must pay 25% of it to the government. When we have losing years we are not able to carry that forward to offset future wins or previous year losses, yet they allow you to carry forward 3k in stock investment loss and other "investments" which are also essentially a "gamble".

The US is bullshit when it comes to taxation on gambling.

Same in Spain

[thebaibol]

I don't think Spain taxes end user winnings.

Did not know about Russia but also thought it was just USA and a small handful of outliers that did.

Yes it is, I'm spanish living in Spain. I made 10.775 net profit in 2017 and had to pay 2.945 in taxes for that. Not fair. In the end the solution must be in buying foreign accounts i guess

[VladimirDM]

Poland 12% of the winning amount, Germany 5%

[VladimirDM]

Ukraine is 0%

[thebaibol]

Ukraine is 0%

Thx for info

[Optional]

Yes it is, I'm spanish living in Spain. I made 10.775 net profit in 2017 and had to pay 2.945 in taxes for that. Not fair. In the end the solution must be in buying foreign accounts i guess

Ugly

[InsiderHer]

Who needs a country when you can bet Offshore = 0%

[thebaibol]

Who needs a country when you can bet Offshore = 0%

How does this work? Which postal address you put on the betting site? and country?

[robixon71]

Chile 0%

[Sawyer]

Ukraine is 0%

Limits are low though, yes?
1000 hrivna? (30$)

Who needs a country when you can bet Offshore = 0%

Offshore books limit you. Local bookmakers more safe also.

[enzo]

I live in morocco and there is 0% tax but there is only one local bookie here reduced odd but high limits

[lonnie55]

Poland 12% of the winning amount, Germany 5%

Germany 0%

The 5% tax has to be paid by the book

[thebaibol]

Germany 0%

The 5% tax has to be paid by the book

very nice. pfff so shit to live in Spain...

[lonnie55]

very nice. pfff so shit to live in Spain...

Yes but it's sort of a grey area when you do it for living. Some say this, some say that. If you do poker for living, especially participation in tournaments, the Federal Fiscal Court ruled that it's taxable. But for sports betting there have not been any comparable cases yet.

There is a German lawyer who makes a good point in a statement about whether professional sports betting is taxable or not and she finally concludes 'it's not' because a fundamental aspect of a profession is missing, the so-called "participation in the general economic traffic". (translated version)

Other lawyers say this aspect wouldn't matter because the only thing what counts is that you earn money on a regular basis with a view to make profit.

So as there are no court decisions about whether professional sports betting is taxable or not it's still a legal grey area but I did not meet one pro in Germany yet who pays taxes.

However, what is indisputable is that you don't have to pay any tax at all if you do it just for fun. The 5% tax has to be paid by the book. Some books pass the tax to the player, others don't.

[MLBfan88]

Netherlands, where I live, has 29% tax on monthly net winnings. The bad thing is, losing months are not deductable. A pretty shitty system if you ask me. Win 2000 in January, lose 2000 in February and you still have to pay 580 euro over a break even situation....

[thebaibol]

Netherlands, where I live, has 29% tax on monthly net winnings. The bad thing is, losing months are not deductable. A pretty shitty system if you ask me. Win 2000 in January, lose 2000 in February and you still have to pay 580 euro over a break even situation....

ufffff Spain was like that for 2-3 years... total disaster. People betting big, overall year: winnigs 160.000, loss 158.000. That means losses of -2.000. But you had to pay taxes for 160.000!!! families ruined

[thebaibol]

Yes but it's sort of a grey area when you do it for living. Some say this, some say that. If you do poker for living, especially participation in tournaments, the Federal Fiscal Court ruled that it's taxable. But for sports betting there have not been any comparable cases yet.

There is a German lawyer who makes a good point in a statement about whether professional sports betting is taxable or not and she finally concludes 'it's not' because a fundamental aspect of a profession is missing, the so-called "participation in the general economic traffic". (translated version)

Other lawyers say this aspect wouldn't matter because the only thing what counts is that you earn money on a regular basis with a view to make profit.

So as there are no court decisions about whether professional sports betting is taxable or not it's still a legal grey area but I did not meet one pro in Germany yet who pays taxes.

However, what is indisputable is that you don't have to pay any tax at all if you do it just for fun. The 5% tax has to be paid by the book. Some books pass the tax to the player, others don't.

I do it for fun and I had to pay looots of taxes so if anyone from germany or UK wants to sell me an account can contact me PM, i pay good

[tingasdt]

ufffff Spain was like that for 2-3 years... total disaster. People betting big, overall year: winnigs 160.000, loss 158.000. That means losses of -2.000. But you had to pay taxes for 160.000!!! families ruined

Jaja... eso cambió amigo... hubo un apostador que logró tumbar esa barbaridad en un Tribunal de Justicia y desde entonces a jugadores previos a 2011 eso les fue corregido.

[thebaibol]

Jaja... eso cambió amigo... hubo un apostador que logró tumbar esa barbaridad en un Tribunal de Justicia y desde entonces a jugadores previos a 2011 eso les fue corregido.

ya ya, por eso decía que pasó durante 2-3 años solo. Imaginate que en Holanda es así ahora...

[thebaibol]

Netherlands, where I live, has 29% tax on monthly net winnings. The bad thing is, losing months are not deductable. A pretty shitty system if you ask me. Win 2000 in January, lose 2000 in February and you still have to pay 580 euro over a break even situation....

Also bet365 don't allow players from Holland, right?
Less xtc and weed and more gambling hehehe