Topic: Gambling friendly countries - page 2. (Read 628 times)

If you are not a big gambler then I don't think you need to choose a gambling friendly country. Although you didn't mention that in your post. But maybe you made this topic for the purpose of knowing the information. Generally, I understand gambling friendly as the countries which are in favour of gamblers i.e. provide more facilities for gambling and also those countries which do not need to pay any tax to gamblers or comparatively less fess, we call gambling friendly countries. But according to my knowledge, some small countries can be called paradise for gamblers. Those countries like Malta, Bermuda, Monaco where gamblers have the most favourable environment.

you have a point, and one more thing, it will be expensive if you relocate to a country just because a place is gambling friendly, can't you just gamble via online gambling sites while you live in your own country? or you can just comply with what needs to be paid or passed on, after all gambling is legal in almost every country, there are only a few that prohibit gambling because of their religion but this is a different matter.

Already the world is computerized online gambling it’s always 90% choice for those that prefer online activities that are gamblers, I don’t think relocating should be a good idea the online casino is there a lot of online gambling, which will be favorable to you, and most countries are gambling friendly the ones that are not accepting  may have some online activities that will benefits gamblers, most country, that I see that partially  accepts gambling do have some online casino that will be good for you, some countries accept gambling in some part and some part it is prohibited, which means those people that find themselves in the part of the country where gambling is not acceptable also gamble via the online there must be a way.

Most nations are gamble friendly, especially the ones that have adopted the Western culture. Gambling is seen as a major source of income in most this is why they will make policies to attract gamblers. I know that in Western, Southern, Southern and Central Africa gambling is allowed and they place less tax burden on gamblers. Except for those nations that have strict religious ties that forbid gambling. However the Northern part of Africa might not have many gambling-friendly countries because of cultural or religious beliefs.

This is the first time I am heard that the UK tax only gambling operators and not gamblers and I confirmed it to be true. I have known the UK to be ruthless in taxation but this exemption will attract more gamblers to the nations. It is also possible that the casino operators will indirectly cut the tax from winners in casinos. Nations like Macau and the Bahamas will do everything to attract gamblers because they depend more on tourism for their economy to survive.

It is interesting to know about that because for me personally the countries that are around Russia, Belarus, catch my attention, especially their language, it seems to me that the RUSSIANS, Belarusians are very intelligent people, and their ass and that way of I like it a lot, plus they have the most spectacular landscapes in their countries, but above all I like the way Russian culture is, their history and everything they represent, I didn't know that games of chance were prohibited in RUSSIA, well These things are sad, at some point in my life I would like to go to that country, but before going I would like to learn Russian, in fact one of the things I would like is to go to the places where they play chess or I know that The Russians are very intelligent for that sport and playing against a Russian would be a real pleasure for me to do, because I know that I am doing it with the most intelligent people in the world, it is something that excites me.

In the games that there are, in the things that are presented with the restrictions of the casinos, I imagine the Russians visiting these casinos, really that is something that attracts attention, the good thing is that they are very close countries, And apart from RUSSIA it is easier to jump to Europe, personally since I am from South America which is the USA, Europe, Russia, those countries are very beautiful, I adore their cultures, and above all their history, seeing the people in eps countries, visiting them and seeing what their casinos are like would be something great, that is why it draws attention in Russia that they do not have casinos or that they are prohibited, the good thing is that there are gambling options in nearby countries.

Same here but I think I also heard before that cryptos are being taxed on this country, and if so then why crypto gambling is exempted? I'm not saying that they should include it as well but in fact that's better because at least there are still activities where people there can fully enjoy their cryptos. Gambling is already taxing in terms of finances but how much more if a literal tax is applied on it right?

But, it may be fine if it's only applied to the winners. When you say efficiency of profitability, I think you are referring to the service that a business is offering. Indeed it's the first step but a proper location is also a must and it may come as second on the list.

I want to write about one of the gambling-friendly countries - this is Belarus, where gambling has officially become permitted since 2018, although I remember very well that I often saw casinos there earlier, before this year.
In neighboring Russia, gambling was banned, which is why the phenomenon of so-called Gambling Tourism appeared in Belarus, when Russians come to cities close to the border to gamble.
Do you think they pay taxes?
No.
They take the winnings and leave. It turns out to be a very convenient system.

The United States has become significantly more gambling friendly over the past few years.  It's crazy as I can now just turn on the radio and here a gambling commercial spot every other commercial, or turn on the television and see several different commercials about gambling..it's definitely a new day..as for taxation, that's been covered by other here, and while high, I think it's manageable.

Really? you will going to jail https://www.jdsupra.com/legalnews/uae-s-gambling-laws-prohibition-7827798/

What's the relation with this thread? @OP is asking which country has a low tax for gambling winnings, he's not asking the tax or legality in your country.

Nah, there's no such gambling games can get away, it's still illegal. Gambling is illegal in Indonesia, if you report your gambling winnings and pay tax accordingly, you will going to jail because you broke the laws.

Right, maybe Macau as well could be added to that list, their whole economy is based on gambling per se, and I think it's the only one country that totally rely to gambling industry for their GDP and to survived.

I'm not familiar with UK though, but perhaps you are right, it's not the gamblers that they taxed by the operators themselves.

So to the OP, you have been given enough information already, it's time for you to narrow it down if your plans is to move on those friendly countries.

The first country that springs to mind is the United Kingdom, which taxes the profits made by gambling operators rather than gambling winnings. The United Arab Emirates is another nation that welcomes gamblers, as it does not impose taxes on any type of income, including gains from gaming. Several other nations, including Macau, Monaco, and the Bahamas, have very low or no taxes on winnings from gambling.

What are my chances of actually moving to that country? Of course there are no plans to move as long as comfort is found in the country I currently live in.
Moreover, I can find details of the income tax imposed when I take the time to do an internet search. But I'm reluctant to do it because it's not that important to me regarding the amount of gambling tax because actually gambling is not a place for me to make money but to have fun.

Some members here seems to think that you're probably planing to travel to a gambling friendly country where you'll not be taxed for gambling, but I think that you might just be asking out of curiosity, probably because your country's tax on gambling is very high. Knowledge is power so as a gambler it's ok to be informed about the gambling habits and regulations in other countries. If you gamble and win, I don't think that it'll be much of a problem to give your country a share of your winning as tax, although you can argue that they don't compensate you for your loses. I think that it's only in countries that have developed their gambling industry that can afford not to collect tax from gamble winners, as a way to entice their citizens and tourists to engage in gambling.

Well, if we always use cryptocurrencies to play we automatically get rid of all possible taxes, so I don't see any reason to care about that... Just knowing where to play and how to play, maybe we should care about using what bitcoin taught us in our favor... Taxes are theft!

https://www.artiopartners.com/nonresident/gambling-winnings-tax-foreign-nationals/

I don't know what you want to do with this. If you are thinking about targeting those countries with the use of VPN to gamble then I would not suggest that.
You might get yourself banned in the process and your funds locked away in that account. You don't want to lose money without even enjoying gambling first.
Gambling sites will definitely trace those who use VPNs and it's illegal for them because of many reasons. It ain't cheating but it could lead to that. But, there's not much trouble now because most popular online gambling sites do support many countries now and I highly doubt yours is part of those restricted ones.

Anyway, if it's for a project, then good luck.

Which one do you mean, lottery wins or casino wins? I don't know about lottery wins but casino wins are all of yours where I live. Till this year, you didn't even have to pay a fee to withdraw but this year the government made a decision and you have to pay 5% on your casino withdrawals, it doesn't matter how much you have won or lost.
Btw many people from Turkey and the Arab world fly to my country because there are many good casinos that offer very good environment to their customers. Casinos don't pay tax on money that they give away as jackpots, rewards and bonuses. This country is Georgia.

I can relocate because of Bitcoin holding, if taxes becomes a headache I will relocate, I will do the same thing for Bitcoin mining too, these are reliable investments that's worth making such big decisions for, but which one is gambling tax? Is it worth it? Because even if you relocate, remember that you need luck to win, you can relocate and still be a loser if all you depend on is gambling, for me its not worth relocating for gambling.

Well, in my country I have no problem with taxes on gambling, I do it online and those who do it offline are not taxed too, but if you are in a country that tax on gambling you are the only one who knows better, it's either you comply or you leave the country, just make sure you know what you are doing, because going into another country means you will start looking for a new job again, bills will be different and laws will be different.

Whichever country you choose make sure you have done some good research very well, or else you might later find out that where you are coming from is better than the new country you moved into.

Maybe OP wants to migrate to a tax free country so he can enjoy his winnings in gambling, It may be that OP won the game a lot, but the tax cuts him a lot so he thought about which country is tax-free when it comes to gambling. who knows? Upon checking on the internet, there's still a lot of gambling friendly countries out there that collects low tax fee but still there's a tax payment. OP should try to go to Australia and Italy, as per research both country is known as a gambling paradise because it has no tax on winnings, that's why many tourist and locals prefer to gamble there.

@ OP, I am not an international gambler neither do I have gambling colleagues out there that discusses about gambling in our various localities to make this comparison.
In my own country, I as a gambler has won hugely and so I have also lost but hadn't been tasked for taxes during my stakes and my cashing out of winnings.
So I would literarily say that I personally do not pay task while gambling in my country.
I have tried to search on the internet if I can get answer to this thread pertaining tax payments but I couldn't get a reliable source. Although I came across series of countries with the highest taxes on gambling which I am in doubt about because it is not authenticated. So, it is better I keep shot than guessing.

The OPs question could sound silly but as long this is a gambling discussion board, it would also be nice to discuss about it. No knowledge is a waste. Atleast if anyone can come up with a reliable update about the OPs question, then we would all had counted a learning in the process.
Hence @Oshosondy, you have also provided relevant informations which is part of the learning and discussion processes.

In some countries, casinos are mandated by the government to collect taxes on their behalf. You might assume that gamblers are not taxed but their tax is indirectly by the casino to be remitted to the government. However, in some other countries gamblers are expected to fill their tax returns including incomes from gambling.

In my country, you can also include your losses in casinos in your tax returns and it can be categorised as tax reductions. So you can deduct your losses from your tax payments and pay the balance. This practice makes the tax system fair to gamblers.