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Topic: Gambling friendly countries (Read 628 times)

sr. member
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April 10, 2024, 07:06:46 AM
#92
Yes, I would like to also know that because I have been thinking about it all this way and most of the countries I knew the charges is so high in gambling. In fact, the government is even much interest in gambling companies to generate the tax and revenues then some other countries may not really have interest in gambling, but they take a very minor taxes on it, not that they don’t charge at all. They usually charge what is very low charge and that can be called gambling friendly countries do some are hidden you may not really know and you can’t tell. Sometimes the chat is not from the player it may be from the gambling complain and the gambling complain. We put it into as a gambler, and you may not even also know it is called he didn’t charges come on aware
legendary
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April 04, 2024, 09:52:27 AM
#91
I can relocate to avoid war, I can relocate because of my business, I know someone who relocated because of crypto mining, he is a friend from China and he moved into an African country, these are worthy because you keep on making that money like you always do, but not in gambling.
A logical explanation indeed. With gambling the only way to make money would be to be the casino, so if the OP has the intent of owning or building a casino there, by all means go forward with it, I would even invest in it if they are able to follow through. But playing there just to avoid the taxes in other countries does not sound so bright.

The thought process of gamblers need to change from being a degen to being the person who creates more degens who will pay you, thats business. Cheesy
legendary
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March 23, 2024, 04:16:57 AM
#90
In my opinion, here in our country, taxes are collected only if someone wins a lottery jackpot. And it's also pretty big, in my opinion, if I'm not mistaken; it's around a 12% tax deduction that is deducted from the total won.

And it is likely that legal gambling is also taxed because it is under regulation by our government, unless casino gambling is illegal and is not registered with Pagcor, which is held by our government in the country where we are located.

Taxes are automatically taken from the profits. Only winners mostly get the tax because the losers are considered included in the taxes of the gambling platform.

For example here in our vicinity, there's a cockpit and I've only heard this from the patrons of the said gambling place.
They say your profits won't even go as high as x2.00 when making a bet for a rooster. You only get 1.50 - 1.70 even if the rooster is a little underdog. Well, they also said it is explained inside but I never had the guts enter the building just yet.
This means the city is taking twice the tax. One from the cockpit business and the other from the winners which is automatically deducted after a win.
Then, they also have paid parking spaces so I guess the city is getting a lot of money from this gambling platform and I can see where the money is coming from with how fast our city is being developed.

It's a good thing for the residents, I just hope my kids won't be going there when they grow up. I have to make sure of that.
sr. member
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March 23, 2024, 04:02:42 AM
#89
The issue is relocating because of gambling, but so many people have the intention, but the cost of the locating from one country to another. It is a very big problem for them and it is not easy as you think so I don’t think that anyone will want to relocate because of gambling, there is a lot of different option which you can also gamble from other country that is the online casino and other online gambling sites that can assist you whenever you want to gamble some countries don’t accept gambling gambling is prohibited in the country people in the country that doesn’t accept gambling usually gamble online sometimes with VPN from other countries. Everyone intention is to make money
sr. member
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March 21, 2024, 06:35:29 AM
#88
Why did you ask this question? I do not think anyone will want to relocate because of gambling to be tax free.

I do some findings about it and I saw this online https://www.vegasmaster.com/gambling-tax-free-countries

It might not be very accurate but when I checked another site, I saw some countries that I saw on this site there.
Yes, it's not worth relocating for, because gambling is not a business or a source of income, If you keep losing money in your country, you will keep losing money in another country, it's not about the tax if you are making enough money, but in the case of gambling you might not make anything good or you can even lose everything.

I can relocate to avoid war, I can relocate because of my business, I know someone who relocated because of crypto mining, he is a friend from China and he moved into an African country, these are worthy because you keep on making that money like you always do, but not in gambling.

You should go to Macao if you are someone who only knows how to live as a gambler, Macao has very low tax policies, but I am not sure it's worth it from my side because gambling has a very high chance of turning you into a loser than a winner.
sr. member
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March 21, 2024, 05:56:38 AM
#87
While gambling is completely prohibited in Muslim countries, gambling is outright legal in many countries outside of Muslim countries. Gamblers can easily gamble in Europe or the Americas and there are many casinos and different mediums for gambling. There are countries that attract wealthy tourists and lure them into gambling, leaving large sums of money in their country. Today, most of the advertisements we see about gambling are in different sports. Ahead of IPL and people from almost all the countries of the world will gamble a lot based on that IPL. In addition to IPL gambling in countries where gambling is allowed, there will also be a lot of gambling in countries where gambling is not allowed. However, even if people of all countries play gambling, not all citizens of the country can play gambling as approved by the government.
member
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March 21, 2024, 05:11:10 AM
#86
Very funny question, I wonder who would be interested in this kind of topic, do you plan on relocating cause of tax on gambling  Grin, then you are sure one he'll of a kind gambler, wow very curious now, do you make or live out of gambling ? Are you that good?. But most African countries are tax free on gambling wins, such rules don't apply there.
sr. member
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March 21, 2024, 05:02:41 AM
#85
I believe Monaco has the best in terms of getting your maximum payout of the gambling that you have. Most of the casinos there, I read, that it's really luxurious and you know that it's expensive and a reason to let people go in there and gamble.

Maybe Macau as well? I think it is the main purpose of people when going there. It's always because of the casino and I read somewhere that it has low tax rates for players.

Are you planning to go international OP?
I don't know about Macau, they're an administrative region of China so I don't think that they'd ever want to consider having that kind of set up that they're not getting a big piece on the gambling business through taxes. I don't think that Monaco is the best one, is there like a link that says otherwise about them being the best gambling haven in the world? I'd like to check it out. I don't want to do a lot of Google search but I do believe that whatever country is the most gambling friendly when we're talking about taxes, there's a possibility that the country that would do that is a country don't mind the taxes, meaning that they're rich already in other aspects, that can be a factor too.
full member
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Duelbits.com
March 21, 2024, 04:58:12 AM
#84
We all know that gambling income is heavily taxed in most of the countries. This is because most of the countries have separate taxes for the gambling related income. I want to know which are the most gambling friendly countries which charge very less or nil income tax on gambling winnings ?
I think most African countries don't actually charge much on gambling tax, and some even don't charge at all except the gambling platform charges for the sake of them been able to meet up with the tax they actually pay in some other countries probably from which they operate and makes it remotely accessable to the African folks in their country too, taxing on gambling is most common in the Asian and American continent although I'm not really sure how well they get to fix their taxation in these areas.

So talking about gambling friendly countries I think it could be found mostly around the African continent and I can't specifically mentioned name of countries at this time but I know within the African continent there's some considerable friendly environment for gambling.
sr. member
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March 21, 2024, 03:19:24 AM
#83
We all know that gambling income is heavily taxed in most of the countries. This is because most of the countries have separate taxes for the gambling related income. I want to know which are the most gambling friendly countries which charge very less or nil income tax on gambling winnings ?

I do think that majority of the countries have their respective taxes on gambling. I also believe that there exists no country that has 0% tax on it given on how much revenue it can give to a certain country due to the amount of people and money involved.

Just to give you a concrete example, in the Philippines, our Philippine Amusement and Gaming Corporation garnered a whopping p79.3 billion PHP or around ~$1.4 billion dollars of revenue in our country.1 It is actually responsible for bringing the highest revenue so far in the country which can build infrastructures and projects for the country.

So if you are looking for a country with 0% tax laws regarding gambling, then you will be having a bad time. Personally, just choose a country where you are comfortable with and exercise the prerogative of gambling in that said country.



1 https://pia.gov.ph/press-releases/2024/02/02/pagcor-2023-revenues-up-35-to-p794-billion#:~:text=PASAY%20CITY%20%2D%2D%20The%20Philippine,the%20rising%20Electronic%20Games%20sector.

In my opinion, here in our country, taxes are collected only if someone wins a lottery jackpot. And it's also pretty big, in my opinion, if I'm not mistaken; it's around a 12% tax deduction that is deducted from the total won.

And it is likely that legal gambling is also taxed because it is under regulation by our government, unless casino gambling is illegal and is not registered with Pagcor, which is held by our government in the country where we are located.
sr. member
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March 21, 2024, 03:03:47 AM
#82
We all know that gambling income is heavily taxed in most of the countries. This is because most of the countries have separate taxes for the gambling related income. I want to know which are the most gambling friendly countries which charge very less or nil income tax on gambling winnings ?
are you planning to migrate in that said country if there is one?  Grin Grin because you seem to be interested in knowing which is which .

according to this site back in 2019 https://www.taxback.com/blog/the-ultimate-guide-to-gambling-tax-rates-around-the-world/

looks like Russia and Italy has Zero tax requirements .

But why will one want to leave his country to tax friendly country, this is really serious cause I think yes he want to relocate so he can facilitate a faster means of his gambling and  easy tax demands.

Don't you think this is a high rate of gambling addiction but I think most gambling countries just share almost same tax rate as pertaining Gambling,so it's best you remain at your domain country and gamble at a lower percentage an amount you can afford to lose and you would have it all good.
full member
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March 20, 2024, 09:57:04 PM
#81
Some countries that I know have low or no tax policies on gambling winnings are: Macao, Monaco, Bahamas, Bermuda, Gibraltar... There may be some other countries, however The most popular and well-known is probably the world's largest gambling center Macao. If you are a gambling fan, you should try coming here to gamble once!  Wink
legendary
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March 20, 2024, 04:43:40 PM
#80
These are the most friendly gambling countries in the world

https://londonlovestech.com/the-most-gambling-friendly-countries-in-the-world/
Australia Italy China Singapore The USA Monaco the UK

If we notice these countries can be considered first-world countries they can sustain their economy without gambling taxes, countries that impose heavy taxes are usually third-world countries because they rely on taxes to sustain their economy.

I'm not a US citizen, but I remember seeing news that people who won lotteries in the US saw the value of their prize greatly reduced because of the high tax amount. for example, from what I could understand was that in the USA when a person wins 1 million dollars in the lottery, then the tax amount will be deducted and then the person ends up with less than 1 million dollars, perhaps the person ends up with 740,000$ or least because of the high taxes charged by the US government. whereas in a third world country like my country, when a person wins the lottery, that person will not be deducted from taxes. for example if that person wins 1 million dollars in my country's lottery, then that person will be given 1 million dollars. nothing will be discounted

This is because in my country, people pay the lottery tax every time they buy a ticket. for example, the government determines a 17% tax value, in this case, when the lottery company sets the price for each ticket, it must count on the 17% tax. If the lottery company wanted to put 1$ for each ticket, then when counting on 17% tax, then the lottery company will put 1.20$ for the ticket price. This way the winner does not pay tax. In the case of gambling such as sports betting, the casino that operates in my country deducts a 17% tax every time someone places a bet, regardless of whether that person wins or loses. I think this is a good system that my country's government created

Here in our country the government cut is so huge, on Lotto alone the winners will have to pay 20% of their winnings.

In my country the tax amount is 17% and in the case of casinos that operate outside my country, we are not charged taxes. Only casinos that operate within my country using my country's local currency and with deposit and withdrawal options using banks and other payment methods in my country will be charged tax. The winner of the lottery in my country does not pay tax, because the lottery tax is charged on the tickets
hero member
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March 20, 2024, 12:39:31 PM
#79
We all know that gambling income is heavily taxed in most of the countries. This is because most of the countries have separate taxes for the gambling related income. I want to know which are the most gambling friendly countries which charge very less or nil income tax on gambling winnings ?

I do think that majority of the countries have their respective taxes on gambling. I also believe that there exists no country that has 0% tax on it given on how much revenue it can give to a certain country due to the amount of people and money involved.

Just to give you a concrete example, in the Philippines, our Philippine Amusement and Gaming Corporation garnered a whopping p79.3 billion PHP or around ~$1.4 billion dollars of revenue in our country.1 It is actually responsible for bringing the highest revenue so far in the country which can build infrastructures and projects for the country.

So if you are looking for a country with 0% tax laws regarding gambling, then you will be having a bad time. Personally, just choose a country where you are comfortable with and exercise the prerogative of gambling in that said country.



1 https://pia.gov.ph/press-releases/2024/02/02/pagcor-2023-revenues-up-35-to-p794-billion#:~:text=PASAY%20CITY%20%2D%2D%20The%20Philippine,the%20rising%20Electronic%20Games%20sector.
legendary
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Nec Recisa Recedit
March 20, 2024, 11:39:11 AM
#78
These are the most friendly gambling countries in the world
... Italy ...
Well, Italy has a lot of gambling initiatives opened to public but here there is a monopole for betting that can dictate all events and there is not a real advantage for people.
Likewise if you are a foreigner operator you can't operate here with your .com but you need a local .it website.
There are tons of offers to public / consumers but these are not really convenient due the market restriction it's really easy get a real advantage (if you are a company).
Also there were some big companies that have not payed millions (a lot of millions) in taxes Sad
Winnings are taxed and in some cases are just used for "money laundering".
hero member
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March 20, 2024, 10:59:00 AM
#77
We all know that gambling income is heavily taxed in most of the countries. This is because most of the countries have separate taxes for the gambling related income. I want to know which are the most gambling friendly countries which charge very less or nil income tax on gambling winnings ?

These are the most friendly gambling countries in the world

https://londonlovestech.com/the-most-gambling-friendly-countries-in-the-world/
Australia Italy China Singapore The USA Monaco the UK

If we notice these countries can be considered first-world countries they can sustain their economy without gambling taxes, countries that impose heavy taxes are usually third-world countries because they rely on taxes to sustain their economy.

Here in our country the government cut is so huge, on Lotto alone the winners will have to pay 20% of their winnings.


legendary
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March 20, 2024, 08:21:36 AM
#76
Here in Greece gambling profits up to 500 EUR are taxed 15% but above that the tax bracket goes up τo 20%.

There also was a new idea about taxation which is kinda weird. The idea goes that if you play through a licensed gambling company, they are the ones that have to pay your taxes automatically form their own profits.
This is an interesting system because it can allow gamblers to play worry-free without having to adjust their tax statements dramatically.

However it has some drawbacks as well. For instance, with such law companies would have issues hosting games with an edge below 3%, or slots with RTP above 97%. Because if they are the ones that have to pay also the tax on gambler profits, low house edge games will end up being not profitable for them. I'm unsure if such law can ever be implemented, because imagine having to play blackjack with a house edge above 3%. It would really suck and would give unlicensed gambling a bigger edge over licensed casinos.

The other issue here is that 15% tax is already high alone. Imagine though having to track your profits to see which bracket you fit into also. It's an accounting nightmare. Supposedly also you're responsible for filling these details in your taxes and if it's not reported properly you could be fined. At least the government could make the reporting automatic but probably they don't want to bother...

So in my eyes gambling through unlicensed means has its advantages as it carries no penalty for the gambler. And if you get big profits, you can tax them as cryptocurrency profits, which have a tax rate of 15% no matter how much you earn.
sr. member
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March 20, 2024, 08:02:50 AM
#75
European countries are a prevalent group that shows up in the top countries that are pretty much tax free. You can also try Australia, there's a known way to launder your money in their pokies as they call it (I don't know the name of the game), this thing has been exposed already and despite it being exposed, money launderers are still doing it even in the open. I've known that it's tax free in Australia because I watched this story although it's sort of like a vlog where the YouTubers are trying to launder their money and show how easy it's done, they even have the audacity to wear a clothing that says that they're laundering money and no one cared, even at the teller where they can see, they just give the money no taxes. So in my opinion if you want a tax free gambling wins or just plain old illegal financial scheme, Australia is your country.
LDL
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March 20, 2024, 07:53:15 AM
#74
We all know that gambling income is heavily taxed in most of the countries. This is because most of the countries have separate taxes for the gambling related income. I want to know which are the most gambling friendly countries which charge very less or nil income tax on gambling winnings ?
Gambling is more or less taxed in different countries of the world.  Gambling is considered as a source of income for the government and that is why the government levies high taxes on gambling. Gambling is not legal in my country so no way my country government wants to allow gambling and casino sites. However, there are some gambling and casino sites in my country that are heavily taxed by the government. However, due to excessive taxes, people of our country are now attracted to online gambling instead of offline gambling.
sr. member
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March 20, 2024, 07:43:59 AM
#73
We all know that gambling income is heavily taxed in most of the countries. This is because most of the countries have separate taxes for the gambling related income. I want to know which are the most gambling friendly countries which charge very less or nil income tax on gambling winnings ?

Here in our country, gambling is legal. For example, we have a lottery, which is a charity dedicated to poor people that provides free help with hospital bills, especially for sick people
who are unable to pay for the hospital.

And when someone wins the lottery jackpot, the government takes a large percentage of the tax on that. As far as I can see, they are citizens under the jurisdiction of our government here.

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.

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.

Here in our country online gambling is very rampant because of the influencers who promote it, even minor children are tried to play gambling via online, that's why I hope there is a law here in our country. About the influencers who promote gambling illegally.
full member
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March 20, 2024, 06:54:12 AM
#72
We all know that gambling income is heavily taxed in most of the countries. This is because most of the countries have separate taxes for the gambling related income. I want to know which are the most gambling friendly countries which charge very less or nil income tax on gambling winnings ?
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.
sr. member
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March 20, 2024, 06:37:14 AM
#71
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.

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.
sr. member
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March 20, 2024, 03:37:08 AM
#70
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.
hero member
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Give all before death
February 25, 2024, 11:34:25 PM
#69
We all know that gambling income is heavily taxed in most of the countries. This is because most of the countries have separate taxes for the gambling related income. I want to know which are the most gambling friendly countries which charge very less or nil income tax on gambling winnings ?
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.
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.

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.
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.
legendary
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February 25, 2024, 11:14:45 PM
#68
We all know that gambling income is heavily taxed in most of the countries. This is because most of the countries have separate taxes for the gambling related income. I want to know which are the most gambling friendly countries which charge very less or nil income tax on gambling winnings ?

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.

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.
hero member
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February 25, 2024, 01:09:23 PM
#67
Well I have not read of Nigerian gamblers complaining of being taxed or neither the gambling companies complaining of low patronage, so whichever one you choose may be profitable as their seem to be huge gambling environment for Nigerian gamblers  Grin

However, looking for a region to relocate to because of their gambling suitable environment shouldn't really be priority but priority should be how efficient your gambling profitability is. Grin
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.
hero member
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Arts & Crypto
February 21, 2024, 06:29:48 AM
#66
We all know that gambling income is heavily taxed in most of the countries. This is because most of the countries have separate taxes for the gambling related income. I want to know which are the most gambling friendly countries which charge very less or nil income tax on gambling winnings ?

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.
legendary
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February 20, 2024, 11:28:16 AM
#65
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.
legendary
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February 20, 2024, 11:04:14 AM
#64
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.
Really? you will going to jail https://www.jdsupra.com/legalnews/uae-s-gambling-laws-prohibition-7827798/

Indonesia is a country that is not friendly to gambling, even public figures who are proven to promote gambling directly will be subject to sanctions or punishment for being involved in spreading gambling. But now that gambling is increasingly prohibited, it is growing rapidly, it is hidden and running without the government's knowledge. but some gambling games can get away with it and are only considered normal games, even underage children can play them easily. The rules on gambling seem strict in casinos that do not pay taxes, but for those who pay taxes under the guise of regular gaming applications, they are very free to play.
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.
hero member
Activity: 1260
Merit: 515
February 20, 2024, 07:48:17 AM
#63
We all know that gambling income is heavily taxed in most of the countries. This is because most of the countries have separate taxes for the gambling related income. I want to know which are the most gambling friendly countries which charge very less or nil income tax on gambling winnings ?
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.

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.
full member
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★Bitvest.io★ Play Plinko or Invest!
February 20, 2024, 07:45:27 AM
#62
We all know that gambling income is heavily taxed in most of the countries. This is because most of the countries have separate taxes for the gambling related income. I want to know which are the most gambling friendly countries which charge very less or nil income tax on gambling winnings ?
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.
hero member
Activity: 1120
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Rollbit - Crypto Futures
February 20, 2024, 07:42:57 AM
#61
-snip-
quick search over the net will give you a lot of info or related articles on this particular subject. however, what is the chance that you can really relocate to those countries? definitely, not only because they are not charging tax on your gambling winnings but a lot more will be finally considered before you move in to that country.
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.
full member
Activity: 364
Merit: 220
Eloncoin.org - Mars, here we come!
February 20, 2024, 07:37:26 AM
#60
We all know that gambling income is heavily taxed in most of the countries. This is because most of the countries have separate taxes for the gambling related income. I want to know which are the most gambling friendly countries which charge very less or nil income tax on gambling winnings ?

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.
full member
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Siga sempre em frente! always move forward!
February 20, 2024, 07:02:54 AM
#59
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!
legendary
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Leading Crypto Sports Betting & Casino Platform
February 20, 2024, 06:32:14 AM
#58
We all know that gambling income is heavily taxed in most of the countries. This is because most of the countries have separate taxes for the gambling related income. I want to know which are the most gambling friendly countries which charge very less or nil income tax on gambling winnings ?
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.
hero member
Activity: 2198
Merit: 847
February 20, 2024, 05:54:21 AM
#57
We all know that gambling income is heavily taxed in most of the countries. This is because most of the countries have separate taxes for the gambling related income. I want to know which are the most gambling friendly countries which charge very less or nil income tax on gambling winnings ?
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.
sr. member
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Cashback 15%
February 20, 2024, 05:39:32 AM
#56
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.
sr. member
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★Bitvest.io★ Play Plinko or Invest!
February 20, 2024, 05:37:43 AM
#55
Why did you ask this question? I do not think anyone will want to relocate because of gambling to be tax free.

I do some findings about it and I saw this online https://www.vegasmaster.com/gambling-tax-free-countries

It might not be very accurate but when I check another site, I saw some countries that I saw on this site there.

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.
full member
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February 20, 2024, 05:12:11 AM
#54
@ 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.

Why did you ask this question?
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.
hero member
Activity: 462
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Humanity, my Religion.
February 20, 2024, 04:36:53 AM
#53
There is non tax charges on gamblers in my locality except for lottery winners.
The only Gambling personells that are charged to pay taxes are the gambling bookmarkers because they are strickly out there for business unlike individuals that stakes their personal funds in chasing either profits or funs.
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.   
legendary
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Leading Crypto Sports Betting & Casino Platform
February 20, 2024, 04:25:40 AM
#52
I read several friends' posts, there were various comments which at least provided new information for me. In fact, I didn't even think about the point you made in this thread which refers to taxes for the state. however, because the gambling business is a profitable business, I am sure that each country has its own policies adjusted to the applicable jurisdiction. what is certain is that we will not know it accurately even if we have references or are based on several sources. based on my assumptions and logic, what is certain is that the casino will pay taxes greater than the value of your winnings when gambling.

Well, some members also mentioned several locations and countries such as Monaco for example. or in Asia there is the most famous Macau, in Singapore with its Marina Bay Sands. in Malaysia with the name of the place Gentingnya. for Asia, as far as my experience has been in the past few years, the Asian countries I mentioned are gambling friendly and maybe you can try them if you want to visit while on holiday. or, as another member commented you can move countries if you want. which just makes me wonder, now that it's the digital era, aren't online casinos the easiest, friendliest option with the scale of features available. "a casino that has a high rating and can be trusted".
btw, obviously, I can't answer correctly what you asked in this thread. moreover, in my country gambling is currently still something that is not allowed.
full member
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★Bitvest.io★ Play Plinko or Invest!
February 20, 2024, 02:54:59 AM
#51
Well, I think it will depend on which country we are in because we can know how gambling friendly a country is if we are residing in that country itself. So for me, my country, which is the Philippines, is one of the friendly countries in terms of gambling. In fact, many vloggers and influencers are promoting different casino websites or platforms. In short, casino websites are becoming prominent in the Philippines to the point that that is one of the means of earnings for those influencers by promoting and flagging casino platforms. But of course there's a downside to it, as many young people are surfing the internet or social media, so many youngsters will be aware of gambling. For sure, the rate of young people doing gambling will be higher. Even though there is an age restriction on those websites, there are different ways for a teenager to play, and that will not be a good influence on young generations.
sr. member
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February 20, 2024, 01:13:40 AM
#50
We all know that gambling income is heavily taxed in most of the countries. This is because most of the countries have separate taxes for the gambling related income. I want to know which are the most gambling friendly countries which charge very less or nil income tax on gambling winnings ?

If there is a country that is friendly to gambling, are you planning to move to that country?
What I know is that the majority of countries will provide taxes for gambling, whether the amount of tax issued by the country depends on the authority of a government. I believe that casino companies are not responsible for paying taxes according to state regulations, because gambling activities are closed, not everyone can accept this kind of activity, so bookies must be willing to spend a lot of money for smooth and smooth operations. . the success of the casino company they built. .
If there is a country that does not collect taxes from a company then in my opinion gambling in that country must have its own reasons.
newbie
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February 20, 2024, 01:00:30 AM
#49
If you would like to move country, there are certain countries like Monaco and Bahamas that don't tax gambling winnings. And others like Macau and Malta have lower taxes on gambling money. These are popular places for gamblers to keep more of their winnings. But it's important to consider that should consider when moving countries, but all in all, it's up to a person's decision.
legendary
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Undeads.com - P2E Runner Game
February 19, 2024, 11:39:56 PM
#48

Indonesia is a country that is not friendly to gambling, even public figures who are proven to promote gambling directly will be subject to sanctions or punishment for being involved in spreading gambling. But now that gambling is increasingly prohibited, it is growing rapidly, it is hidden and running without the government's knowledge. but some gambling games can get away with it and are only considered normal games, even underage children can play them easily. The rules on gambling seem strict in casinos that do not pay taxes, but for those who pay taxes under the guise of regular gaming applications, they are very free to play.
legendary
Activity: 1890
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Bitcoin Casino Est. 2013
February 19, 2024, 10:31:47 PM
#47
I do some findings about it and I saw this online https://www.vegasmaster.com/gambling-tax-free-countries

It might not be very accurate but when I check another site, I saw some countries that I saw on this site there.
Didn't expect the European continent to dominate the list, at the least my first thought is that it's going to be the small countries in Caribbean like Curacao or Asian countries especially with Macau being the most known gambling hub in the surrounding region although I do think why Macau isn't included as it's still a part of China but it's a surprise to me that no Asian country made it through the list. I guess the tax here in gambling is just too much for the government to pass up.

Really hard to find an accurate one regards to this, maybe if there's a global study about the friendliest one that's officiated by government or renowned gambling institutions then maybe we will see some accuracy but for now, this list will suffice.
hero member
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February 19, 2024, 10:21:38 PM
#46
It is true that there are several countries that impose income tax on gamblers, but this is not like an income tax but winnings tax just that most.
Howover all existing gamblers have unfavorable sentiments towards winnings taxes.
Isn't gambling an activity that will only result in much bigger losses and winnings are just small return for gamblers but they should be charged the winnings tax that is applied, this is ridiculous and really not worth continuing to be required to do.
Actual tax should not be applied to winning gamblers but only to providers or casinos because they are the ones who make the entire profit.

Regarding the question of which country is the friendliest towards gambling and provides the lowest taxes, I will answer that the friendliest is the country that does not burden gamblers with taxes on winnings.
But for some countries, it really cannot be stated with certainty because the regulations and provisions regarding gambling related to taxes will also change depending on how gambling develops in the country that does provide legal permits.
legendary
Activity: 3066
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February 19, 2024, 07:37:33 PM
#45
Why did you ask this question? I do not think anyone will want to relocate because of gambling to be tax free.

I do some findings about it and I saw this online https://www.vegasmaster.com/gambling-tax-free-countries

It might not be very accurate but when I check another site, I saw some countries that I saw on this site there.

I noticed that the countries that are in the article are from first-world countries, they do not rely on taxes for the health of their economy so they prefer that the reward is zero tax so the winner can enjoy the whole prize and it encourages to support the lottery, here in our country the winner's tax is 20%, the government is the one running the lottery, they get the profit, and they also get the tax, the lottery is our government's cash cow which is why there's a lot of corruption in our lotter.

You're right, most of them are from the first world countries so most likely their government has so much money already that they don't need to get taxes from this casinos. However, if you are going to go and moved on those countries, might be a bad idea as well as the cost of living will obviously be too high.

Unless the OP has really set his eyes to relocate and enjoy his money from those countries listed. But for the majority of us, we still prefer to play online or even traditional based casinos locally. And even if we pay taxes like 20%, gonna be a win-win situation to us.
member
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Eloncoin.org - Mars, here we come!
February 19, 2024, 07:18:31 PM
#44
Would you mind relocating to my country?
I never seen anyone who was taxed after winning big amount or for his gambling activity.
Besides I don't know how addicted are you to search for other countries that doesn't charge for gambling and it would be very bad of you to relocate from your country to other country just to make sure you didn't incur taxation meaning your income or your regular winning is always higher to foot your expenses, for you to start looking for the countries that doesn't pay taxation.
Countries that doesn't support gambling and when they finally do, they enact a solid rule that follows. We just have to play along and ensure we don't break rules, because they comes with penalties. Everyone have 50/50 chances of placing wagers on games, and it doesn't come with any commission because it's an activity that's been authorized by the Government of that particular country. We shouldn't sleep over on this season these countries have set out the necessary sections to guide and regulate the activities of gambling, they held on the big winnings and also heavy losses in the system.
legendary
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Bons.io Telegram Casino
February 19, 2024, 06:33:21 PM
#43
Why did you ask this question? I do not think anyone will want to relocate because of gambling to be tax free.

I do some findings about it and I saw this online https://www.vegasmaster.com/gambling-tax-free-countries

It might not be very accurate but when I check another site, I saw some countries that I saw on this site there.

I noticed that the countries that are in the article are from first-world countries, they do not rely on taxes for the health of their economy so they prefer that the reward is zero tax so the winner can enjoy the whole prize and it encourages to support the lottery, here in our country the winner's tax is 20%, the government is the one running the lottery, they get the profit, and they also get the tax, the lottery is our government's cash cow which is why there's a lot of corruption in our lotter.
hero member
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Don't joke with my Daughter
February 19, 2024, 05:51:40 PM
#42
Would you mind relocating to my country?
I never seen anyone who was taxed after winning big amount or for his gambling activity.
Besides I don't know how addicted are you to search for other countries that doesn't charge for gambling and it would be very bad of you to relocate from your country to other country just to make sure you didn't incur taxation meaning your income or your regular winning is always higher to foot your expenses, for you to start looking for the countries that doesn't pay taxation.
sr. member
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February 19, 2024, 05:44:25 PM
#41
We all know that gambling income is heavily taxed in most of the countries. This is because most of the countries have separate taxes for the gambling related income. I want to know which are the most gambling friendly countries which charge very less or nil income tax on gambling winnings ?

I can speak for my country which is Nigeria. We don't get tax from money that we used in gambling, the citizens will probably don't play as the economy is hard for everyone right now, you are free to deposit any amount that you like, okay with any amount you like and when you win big, you are free to withdraw your amount without the government enforcing any taxes on their citizens and if you withdraw to your bank, the highest amount you will pay will not exceed ₦50 for Vats which is less than a cent.

The reason why we have privileged is that, the licnence casinos has signed an agreement with the federal government to tax them from the money they win from it's citizens and somehow they agreed to it and since a lot of a Nigerians like gambling, about 65m of 200m gamble and they spend roughly about $15M a day into gambling, Nigerians love gambling.
hero member
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February 19, 2024, 05:35:42 PM
#40
We all know that gambling income is heavily taxed in most of the countries. This is because most of the countries have separate taxes for the gambling related income. I want to know which are the most gambling friendly countries which charge very less or nil income tax on gambling winnings ?

Other's have mentioned some gambling friendly countries already, and when I did try to research it from big G,



So I guess you have a lot of choices for now, either you move on that country or just try to go, whether Asia or Europe for your gambling experience. I would suggest Asia though, as your money might be worth more in my opinion.

Good luck to you.
sr. member
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Leading Crypto Sports Betting & Casino Platform
February 19, 2024, 03:31:42 PM
#39
The size of the gambling tax will not make people decide to move countries. In my opinion, tax calculations are only based on government agreements with gambling parties for mutual benefit. If there is a country that has a small gambling tax, it means that gambling there does not have much of an impact on state revenue or that the country is already rich economically. Or if, on the other hand, gambling taxes are high, it means that the country really needs as much income as possible to help cover the state debt.
Moreover, now that online gambling has become easier, people from across countries can play in whatever country they want to play. In my opinion, there is no problem with this tax, unless you are a gambling entrepreneur or owner of a gambling entity, maybe this topic will be very useful for you.
sr. member
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HODL - BTC
February 19, 2024, 02:26:37 PM
#38
Europe maybe? But I know some articles say gambling taxes are higher there but I don't know exactly which one is more friendly because we know some countries also don't tax gamblers.

I don't know about taxation for gamblers if they win because I haven't experienced it myself so other people will say different where they have experienced it, but is the taxation of gambling too high in your country now?
sr. member
Activity: 266
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February 19, 2024, 02:21:27 PM
#37
Why did you ask this question? I do not think anyone will want to relocate because of gambling to be tax free.

I do some findings about it and I saw this online https://www.vegasmaster.com/gambling-tax-free-countries

It might not be very accurate but when I check another site, I saw some countries that I saw on this site there.
I wont be surprised that someone who is addicted to gambling will move from his country to a suitable environment that will increase his quality time in gambling. I have a gaming freind he left the country because of bad network so it disrupt his connection when he is gaming online. Because of that experience he had to leave the country to a more suitable company. 
legendary
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February 19, 2024, 02:05:16 PM
#36
in the case of my country, when a person buys a lottery ticket, for example, on each ticket that the person is buying, the person will pay 17% tax, so the gambling companies in my country when they set the ticket price they already have 17% tax. now in the case of local online casinos in my country, people pay tax when withdrawing their winnings, for example if a person makes a deposit using a bank, or other deposit methods, 17% tax will be deducted, the problem with that and even if the person didn't earn anything and still withdraw it, 17% tax will be deducted, which is somewhat irritating. but I still consider it a low value. Now, in the case of lottery winners, the prize does not deduct tax because people have already paid tax when purchasing each ticket.

as I have never seen anyone I know win the lottery jackpot, so I don't trust and I don't believe in my country's lottery, but as I have seen people I know win lottery prizes and then I was able to confirm that they really weren't cashed taxes. For the casino of foreign online casinos we do not pay taxes, they are still studying ways in which we would pay taxes, but for now in my country no one pays taxes when using casinos and exchanges from abroad. At local online casinos in my country, people deposit using fiat from my country and use payment methods that allow taxes to be deducted. So the government of my country is studying a law that would make people pay tax whenever they take money abroad to bank accounts in my country. This way everyone in my country who used exchanges and casinos in my country could pay tax but this law is still a long way from being approved
hero member
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Arts & Crypto
February 19, 2024, 01:40:30 PM
#35
I live in a country where gambling is allowed and I thought that it was also allowed in neighboring countries, the border of which is very close to my one city. But then I found out that it is prohibited in these neighboring countries (I mean hosting a physical casino). And now I understand why it is allowed in my home country and why there are so many casinos in my hometown - this is beneficial to the authorities. I'm not against it, because it creates jobs.
hero member
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February 19, 2024, 01:31:01 PM
#34
We all know that gambling income is heavily taxed in most of the countries. This is because most of the countries have separate taxes for the gambling related income. I want to know which are the most gambling friendly countries which charge very less or nil income tax on gambling winnings ?
I don't know about what charge less with tax or have taxfree laws about gambling. But only two places that comes to my mind about the friendliest countries in the world if it's about gambling.

  • USA(Las Vegas)
  • Macau

Anyway, you don't have to think about the taxation when you gamble because how can you be sure about that you're going to win?  Grin
If you think that you can win with your bets then you can simply stay at home and play from there so that you won't have any trouble at all when you gamble. And with the help of articles[1] like this we are having the idea on how the gambling tax happens in most of them. The article was published last year and there's the list about high and low tax gambling tax rates for different countries.

[1] The Ultimate Guide to Gambling Tax Rates Around the World
loudmouth
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February 19, 2024, 12:53:08 PM
#33
Tax laws regarding gambling winnings vary significantly from country to country, and even within regions of a single country. Some countries impose high taxes on gambling income, some others may have more favorable tax treatment for gamblers. Few countries have gambling-friendly tax policies, where gambling winnings are either taxed at a lower rate or not taxed at all. Those countries are usually small countries that don't have wide land for agriculture nor manufacture, such as Makao, Monaco, Malta etc. I dont know the detail of the taxation, but this policy is being applied to attract tourists, because those countries rely on tourism and commercial service for the income.

Gamblers need to research and understand the tax laws and regulations specific to their country of residence or where they plan to gamble. Tax treatment of gambling winnings can vary based on factors such as the type of gambling activity, the amount won, and the individual's residency status.
hero member
Activity: 2254
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February 19, 2024, 12:39:50 PM
#32
There are no details about the taxes levied in my country from gambling. It doesn't matter to me that much anyway. Why do you want to know.
Gambling taxes may be high but nothing is accurate and varies from country to country.
Gambling taxes are different from other taxes such as those experienced by football players or other professional sports players.
Each country that regulates gambling regulations applies taxes depending on the determination of each country, but countries that prohibit gambling regulations also impose unofficial taxes on casinos for licensing illegal operations which are regulated based on agreements with gambling parties and parties in power to provide gambling permits, possibly parties gambling deducts part of the betting winnings or the casino bears its own taxes to pay for the legality of unofficial taxes.
legendary
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February 19, 2024, 12:32:52 PM
#31
In my opinion, there must be two kind of countries which are friendly towards gambling: those which do not tax the gamblers whenever they win and those which do not tax the casino as much as other jurisdictions. In the United States is common for both casinos and gamblers to pay a cut of their winnings to the government, that is clear. Though, I wonder whether there is a relation between both approaches.
Do countries that not tax the gamblers end up taxing more from the casinos in order to compensate? Those countries which tax more from the gamblers do not do the same with casinos to some extent?

The only thing I can assure from my relatively limited wisdom is that since casinos are businesses, they are likely to always end up being taxed based on their income. Otherwise, countries without any kind of taxations to both casinos and gamblers would be paradises for that industry.
legendary
Activity: 3066
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February 19, 2024, 12:32:51 PM
#30
We all know that gambling income is heavily taxed in most of the countries. This is because most of the countries have separate taxes for the gambling related income. I want to know which are the most gambling friendly countries which charge very less or nil income tax on gambling winnings ?
There are no details about the taxes levied in my country from gambling. It doesn't matter to me that much anyway. Why do you want to know.
Gambling taxes may be high but nothing is accurate and varies from country to country.
Gambling taxes are different from other taxes such as those experienced by football players or other professional sports players.

quick search over the net will give you a lot of info or related articles on this particular subject. however, what is the chance that you can really relocate to those countries? definitely, not only because they are not charging tax on your gambling winnings but a lot more will be finally considered before you move in to that country.

but do take note that even if there are published sources over the net, the actual regulation may deviate from what has been available over the net. you will only learn such practice when you are already inside the country. so before you actually move in to an unfamiliar territory due to your gambling desire, better think of your to-do-list before anything else. because at the end of the day, it is not only gambling that you need to consider when you want to live a decent life outside your comfort zone.
hero member
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February 19, 2024, 12:19:04 PM
#29

The Ultimate Guide to Gambling Tax Rates Around the World

Nice to see there are countries where gamblers aren't taxed over their winnings. After all, it's hard enough to make consistent profit from gambling, so it's totally fair local regulators respect this moment of glory only few gamblers are able to achieve, ensuring they can enjoy the whole profit for themselves. It would be great if another countries followed the example of the ones mentioned on that list.

It doesn't sound ethical to have to share profit with someone (the government) who doesn't take the risks of the bet side by side with you. When you lose there isn't any kind of subsidy to attenuate your losses, but when you win, you have to share a large percentage of your profit with the government. In brazilian federal lottery, only 43% of the value raised is added to the prize pool. And when someone wins, he still has to pay taxes to the government (around 30% of the total prize). And there could be even more taxes involved on the process I'm not aware about, because in Brazil we never know...
hero member
Activity: 1120
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Rollbit - Crypto Futures
February 19, 2024, 12:18:53 PM
#28
We all know that gambling income is heavily taxed in most of the countries. This is because most of the countries have separate taxes for the gambling related income. I want to know which are the most gambling friendly countries which charge very less or nil income tax on gambling winnings ?
There are no details about the taxes levied in my country from gambling. It doesn't matter to me that much anyway. Why do you want to know.
Gambling taxes may be high but nothing is accurate and varies from country to country.
Gambling taxes are different from other taxes such as those experienced by football players or other professional sports players.
hero member
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February 19, 2024, 12:08:59 PM
#27
Of course, each country has its own policies and rules regarding the regulation of gambling. However, from research I have done, there are at least several countries that are known to have fairly low or even zero taxes on gambling winnings, and some of them have been mentioned by all of you who are part of this discussion. and some of these countries include; Malta, which is a country that is quite popular for gambling businesses because it has quite friendly regulations and taxes that are quite low and friendly. Singapore, which is a small country in the Southeast Asia region, in its regulations regarding winnings from gambling, the country does not even impose any taxes at all, and this applies to both local residents and tourists. So this country has its own charm to attract gambling fans to bet there. And the next and last thing is Hong Kong, even though there are several types of gambling that are prohibited there, which may not be as free as other countries, Hong Kong is also known to be one of the countries that applies fairly light tax rates.
hero member
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Free Crypto Faucet in Trustdice
February 19, 2024, 12:01:49 PM
#26
We all know that gambling income is heavily taxed in most of the countries. This is because most of the countries have separate taxes for the gambling related income. I want to know which are the most gambling friendly countries which charge very less or nil income tax on gambling winnings ?
As far as I know most gambling operators are given special treatment by the government such as in Vietnam and Cambodia and almost all  working gambling operators come from outside the countries whose passports are being held. It may sound gambling friendly but it cannot be completely guaranteed that the income tax there is guaranteed to be small.
If you are just a casual gambler then there is no need to think about state income taxes from the casinos they legalize. Because there is no point in the state legalizing or prohibiting it, we can play in our own  way even if there is a difference it is only a matter of operational permits  where the government likes to play around and allows gambling outside of official policy.

full member
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February 19, 2024, 11:58:16 AM
#25
We all know that gambling income is heavily taxed in most of the countries. This is because most of the countries have separate taxes for the gambling related income. I want to know which are the most gambling friendly countries which charge very less or nil income tax on gambling winnings ?
Nigeria should be the most gambling friendly country in the world. There is no taxation whatsoever on gamblers even though they wreck the casinos with heavy winnings, the gamblers take all the money. There is also no restriction in terms of using cryptocurrency as anyone is free to use any method of deposits and withdrawals without any form of restriction. This is the reason there is surge in cryptocurrency usage and gambling proliferation in Nigeria. There is hardly any major street you visit in Nigeria without a physical casino, operating freely with sizeable customers. I don't think there is any country that will beat this record in the gambling business.
sr. member
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February 19, 2024, 11:49:48 AM
#24
We all know that gambling income is heavily taxed in most of the countries. This is because most of the countries have separate taxes for the gambling related income. I want to know which are the most gambling friendly countries which charge very less or nil income tax on gambling winnings ?

If you are so concerned about gambling tax, then I will advise you to use maybe only crypto-related casinos, which won't require you to pass KYC before you can do anything like deposit, play, or withdraw. By doing so, you can rest assured that they won't report your activities to your tax authorities. 
 
Here in Nigeria, I don't think I have ever been charged or taxed for gambling, like making a betting deposit or withdrawal. I have never paid tax for such, even when I make use of my local currency to deposit and withdraw at a casino, for which I also pass KYC. I have never noticed any tax deductions from my balance; maybe tax is not being taken very seriously in this part of the world.
member
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February 19, 2024, 11:35:05 AM
#23
We all know that gambling income is heavily taxed in most of the countries. This is because most of the countries have separate taxes for the gambling related income. I want to know which are the most gambling friendly countries which charge very less or nil income tax on gambling winnings ?

    One of the countries that regulates gambling is China's Macau, Singapore, the Philippines, the United Kingdom, Ireland, and Monaco. These are just a few of the things I know about this matter in terms of the gambling business.

    But what I do know is that there are others who are also open to this kind of gambling as long as they have something to gain. For sure, it is okay for the country to legalize this thing as well, right? Also, as far as I know, the government of each country recovers the tax they deduct from the winning price of a winning gambler.
legendary
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Call your grandparents and tell them you love them
February 19, 2024, 11:32:21 AM
#22
We all know that gambling income is heavily taxed in most of the countries. This is because most of the countries have separate taxes for the gambling related income. I want to know which are the most gambling friendly countries which charge very less or nil income tax on gambling winnings ?
You can get a good idea about such countries easily from a search engine query. At present, my country is not friendly towards gambling and therefore the rise and popularity of online casinos.

Its because people want to gamble and it is full of taxation in lines of lottery as well which is legal. Therefore people are using crypto to avoid these problems altogether and move to a different mode of gambling.

I think Monaco might me your go to country. But crypto is not a bad option here.
hero member
Activity: 2870
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February 19, 2024, 11:28:57 AM
#21
That's too much of a precaution that you will have to move to another country all because you wanted to gamble or withdraw a large amount from a casino.
It's always not what it seems to be when you go to other countries, the laws may appear friendly but there is a catch to it. You wouldn't want to wind up in some countries where your language is never understood.
hero member
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February 19, 2024, 11:22:05 AM
#20

This is another article and it supports those that are on your list
https://londonlovestech.com/the-most-gambling-friendly-countries-in-the-world/
People in those countries are lucky that they are not deducted from their winnings because they are rich countries and they tax their gamblers in a different but not their winnings and this is also to encourage gamblers to support the gambling platforms in these countries because these gambling platforms are paying taxes and they generate jobs and create companies that revolve around these gambling establishments, like restaurants, entertainment and hotels.

The most of the developing countries allow the gambling in their countries,because the gambling site also pay some fees for the government from their earnings.Most of the Islamic based countries doesn’t allow the gambling in their countries.Because gambling was against their religious beliefs,So the government based on the Islamic also against the gambling site.The people where the country was allowed the gambling as legal tender was the lucky people.Because they are not force to use the VPN to play the gambling itself,if the gambling based on fiat means.It’s hard to withdraw money from that gambling site in the mean of fiat.
full member
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February 19, 2024, 11:20:00 AM
#19
We all know that gambling income is heavily taxed in most of the countries. This is because most of the countries have separate taxes for the gambling related income. I want to know which are the most gambling friendly countries which charge very less or nil income tax on gambling winnings ?

if you search on google, maybe you will find a list of countries that charge small taxes to gambling players. but the problem is, is moving to these countries more worth it compared to continuing to gamble in your own country? especially for modest gamblers, it's not worth it just to move to these countries just to avoid taxes in their country.

moreover a country that imposes low taxes on gamblers cannot necessarily be said to be a country that is friendly to gamblers, because there are several things that make a country that can be said to be a country that is friendly to gamblers, and low taxes alone are not enough for this.
legendary
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February 19, 2024, 11:18:22 AM
#18
We all know that gambling income is heavily taxed in most of the countries. This is because most of the countries have separate taxes for the gambling related income. I want to know which are the most gambling friendly countries which charge very less or nil income tax on gambling winnings ?
are you planning to migrate in that said country if there is one?  Grin Grin because you seem to be interested in knowing which is which .

according to this site back in 2019 https://www.taxback.com/blog/the-ultimate-guide-to-gambling-tax-rates-around-the-world/

looks like Russia and Italy has Zero tax requirements .
That's somewhat misleading. I can't see Russia in anywhere on that page, and when i take a closer look, their gambling is under state control and monopoly, same for us in Finland. So if i they online they definitely need to pay taxes, or if they gamble anything that's not organized by official government organizations it's illegal.

This has plusses and minuses, as while jackpots in Finland are lower in slots and lottery for example, most of the profits of gambling used for good causes.

And looks like in Italy, rules on what's allowed as gambling and what's not are pretty weird. No luck based allowed but bingo and online gambling is allowed for example.
https://en.wikipedia.org/wiki/Gambling_in_Italy.
hero member
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February 19, 2024, 11:13:23 AM
#17
We all know that gambling income is heavily taxed in most of the countries. This is because most of the countries have separate taxes for the gambling related income. I want to know which are the most gambling friendly countries which charge very less or nil income tax on gambling winnings ?
I think in most African countries they do charge nill or less income because I've actually heard from some persons who are in these countries speaking about not been taxes at times from their gambling wins except their banks tax them at times but not with the reason that they won from a casino or neither is it called gambling tax.

I don't know why the tax placed on gambling win appears so high in some other country, probably it's their way of discouraging gambling because it's seen as money tht was earned for free without any form of much stress so for that reason they would want to make sure the gambler is well taxed but then I think it will really be a fair practice if the gamblers is considered and a reduced tax is placed on their wins so they too can enjoy the proceeds of their gambling profits.
hero member
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February 19, 2024, 11:10:15 AM
#16
We all know that gambling income is heavily taxed in most of the countries. This is because most of the countries have separate taxes for the gambling related income. I want to know which are the most gambling friendly countries which charge very less or nil income tax on gambling winnings ?
I'd read a lot about gambling-friendly countries, but I never knew that people could take it seriously because you will hardly see a country that does not allow gambling, and their reasons could be mostly about religions which we have to respect when we are there. Aside from those countries, any country that allows gambling is friendly to it as far as I'm concerned, though the friendliness may vary. Still, the ease of gambling there could be taken into consideration, in which taxes are part of the good factors to make it more welcoming in the country. However, the countries where gambling is somewhat more rampant, if that is the right word to use, are the USA, Singapore, China, The UK, Germany, Australia, and many more. Personally, I do not believe statistics in this regard so much, I can only believe that most countries of the world are gambling, and the gambling magnitude can only be traced to the culture and population of the country. In most cases, the higher the popularity, the higher could be the number of gamblers.

As for the taxes, I think you need to be careful, I have too many conflicting details on the internet, so it is not worth sharing. What you need to watch out for are the ways some countries tax those playing in their jurisdictions. Some might tax you on online gambling activities but not tax you on offline gambling activities. It might be in the inverse fashion with other countries. While some will tax your net gains alone, or not even tax you at all. So, I advise you to learn the gambling tax law of the country you intend to go to rather than randomly seeking advice from people. It could mislead you painfully. This is even as the sources I sought advice from are conflicting.
legendary
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February 19, 2024, 11:03:03 AM
#15
I thought you want to talk about a country where gambling is legal, many of countries do allow gambling especially for foreigners.

Why did you ask this question? I do not think anyone will want to relocate because of gambling to be tax free.
Or he might be want to create a bank account in those country, so he can avoid tax if he withdraw his money to other country's bank instead of his local bank, although I don't know how legal is this.

But most of online casinos are forbid western jurisdictions.
hero member
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February 19, 2024, 10:49:09 AM
#14
Well I have not read of Nigerian gamblers complaining of being taxed or neither the gambling companies complaining of low patronage, so whichever one you choose may be profitable as their seem to be huge gambling environment for Nigerian gamblers  Grin

However, looking for a region to relocate to because of their gambling suitable environment shouldn't really be priority but priority should be how efficient your gambling profitability is. Grin
legendary
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February 19, 2024, 10:45:52 AM
#13
We all know that gambling income is heavily taxed in most of the countries. This is because most of the countries have separate taxes for the gambling related income. I want to know which are the most gambling friendly countries which charge very less or nil income tax on gambling winnings ?
I think the Philippines is one of the most friendly countries for gamblers. However, they don't offer a lot of gambling casinos to their citizens but only for tourists. I believe POGO (Philippine Offshore Gaming Operator) is still operating in the Philippines, and the country derives decent taxes from this operation. However, I didn't hear that they are taxing gamblers on their winnings. So, if your intention is to avoid or at least pay only minimal taxes, then maybe you can try to gamble in this country.
full member
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February 19, 2024, 10:40:48 AM
#12
We all know that gambling income is heavily taxed in most of the countries. This is because most of the countries have separate taxes for the gambling related income. I want to know which are the most gambling friendly countries which charge very less or nil income tax on gambling winnings ?
Tax on gambling winnings? Well in my country Nigeria there is no tax regulations on gamblers who bases on stakes with most potentials to loose their funds so, there is no reasonable reasons why such gamblers should be charged with fees. What compensation do they get from the commission they would remit their taxes to of they looses?
There is non tax charges on gamblers in my locality except for lottery winners.
The only Gambling personells that are charged to pay taxes are the gambling bookmarkers because they are strickly out there for business unlike individuals that stakes their personal funds in chasing either profits or funs.
legendary
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February 19, 2024, 10:29:45 AM
#11
There are loads of countries in the Balkans who do not give a damn if you win a lot of money and as far as I know they don't collect taxes from online winnings and where I live now in Albania,part of the Balkans if you win a lot they don't tax you anything.I have been personally in the biggest casino here,the only one allowed by the state and 0 tax is applied to winnings,the same I suppose of many other neighboring countries.
copper member
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February 19, 2024, 10:25:29 AM
#10
I’m not familiar with other country but my country PH doesn’t strict law on implementation of gambling taxes. Our BIR is not that strict on applying taxes on money won in casino except sweepstakes and other form of lottery which the government itself operates.

It’s up to you if you will declare your gambling income at the end of the year since there’s strict tax collection when it comes to gambling profit unlike other country which they definitely crackdown everyone. This is why there’s a lot of POGO(PH Offshore Gaming Operators) here due to our gambling friendly law.
legendary
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February 19, 2024, 10:16:27 AM
#9
We all know that gambling income is heavily taxed in most of the countries. This is because most of the countries have separate taxes for the gambling related income. I want to know which are the most gambling friendly countries which charge very less or nil income tax on gambling winnings ?
If you ask this same question on Google, you did find what you are looking, I've actually searched and found some articles based on this topic and question you are asking, but then, I am not going to share the information here, since it's dated way back and due to the changing economy in different countries of the world, such information as this can not remain the same for ever, because, a country that was once tax free for gamblers must have turned around now to start taxing gamblers and their winnings, while other countries that used to tax gamblers might have stopped due to one reason or the other.

So, in the nutshell, I still don't even see how knowing this information can help a gambler, since it's not like a gambler is going to leave his country to travel to another country just for the sake not to pay gambling taxes, makes absolutely no sense to me, expect the gambler wants to go on a vacation and wants to travel to; and spend some time in a country where he gamble, win and not pay taxes on this wins, then may such gambler should come to Nigeria.
hero member
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February 19, 2024, 10:07:16 AM
#8
We all know that gambling income is heavily taxed in most of the countries. This is because most of the countries have separate taxes for the gambling related income. I want to know which are the most gambling friendly countries which charge very less or nil income tax on gambling winnings ?
Do you intend to move to a gambling-friendly country? That's not something that's easy because the taxation is going to be high anyway that I know of, but you can do your own research on which country you're looking at.

Some countries prohibit gambling but one can play at online casinos without taxation but it's all a risk, but I'm sure there are still many countries that allow casinos with little taxation.
maybe OP is serious about moving to a gambling-friendly country. Countries where gambling is legal understand how profitable the circulation of money in the gambling business is. they will impose quite high taxes. If users are charged a small tax, otherwise taxes for business owners will be high. everything will depend on government policy in managing tax revenues from gambling.
we have access to play online. perhaps acceptance from online and offline casinos will remain different. but some gamblers are more comfortable playing online than offline.
copper member
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February 19, 2024, 09:53:10 AM
#7
I believe Monaco has the best in terms of getting your maximum payout of the gambling that you have. Most of the casinos there, I read, that it's really luxurious and you know that it's expensive and a reason to let people go in there and gamble.

Maybe Macau as well? I think it is the main purpose of people when going there. It's always because of the casino and I read somewhere that it has low tax rates for players.

Are you planning to go international OP?
hero member
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February 19, 2024, 09:44:35 AM
#6
We all know that gambling income is heavily taxed in most of the countries. This is because most of the countries have separate taxes for the gambling related income. I want to know which are the most gambling friendly countries which charge very less or nil income tax on gambling winnings ?

Many countries could be gambling friendly as they permit for their citizens to enjoy in the participation of any gambling activities but going by the ones that charges less on income tax payment from gamblers winning, we can not have many countries under this category except for the developed ones where they consistently managed and regulate the gambling sectors, the gamblers make win and proceeds  to catch out, left for the gambling platforms to know how they make a substitute on tax payments with the regulatory bodies.
hero member
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February 19, 2024, 09:43:49 AM
#5
We all know that gambling income is heavily taxed in most of the countries. This is because most of the countries have separate taxes for the gambling related income. I want to know which are the most gambling friendly countries which charge very less or nil income tax on gambling winnings ?
Do you intend to move to a gambling-friendly country? That's not something that's easy because the taxation is going to be high anyway that I know of, but you can do your own research on which country you're looking at.

Some countries prohibit gambling but one can play at online casinos without taxation but it's all a risk, but I'm sure there are still many countries that allow casinos with little taxation.
hero member
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February 19, 2024, 09:38:47 AM
#4
Why did you ask this question? I do not think anyone will want to relocate because of gambling to be tax free.

I do some findings about it and I saw this online https://www.vegasmaster.com/gambling-tax-free-countries

It might not be very accurate but when I check another site, I saw some countries that I saw on this site there.

This is another article and it supports those that are on your list
https://londonlovestech.com/the-most-gambling-friendly-countries-in-the-world/
People in those countries are lucky that they are not deducted from their winnings because they are rich countries and they tax their gamblers in a different but not their winnings and this is also to encourage gamblers to support the gambling platforms in these countries because these gambling platforms are paying taxes and they generate jobs and create companies that revolve around these gambling establishments, like restaurants, entertainment and hotels.
full member
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February 19, 2024, 09:34:52 AM
#3
We all know that gambling income is heavily taxed in most of the countries. This is because most of the countries have separate taxes for the gambling related income. I want to know which are the most gambling friendly countries which charge very less or nil income tax on gambling winnings ?
are you planning to migrate in that said country if there is one?  Grin Grin because you seem to be interested in knowing which is which .

according to this site back in 2019 https://www.taxback.com/blog/the-ultimate-guide-to-gambling-tax-rates-around-the-world/

looks like Russia and Italy has Zero tax requirements .
legendary
Activity: 1414
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...gambling responsibly. Do not be addicted.
February 19, 2024, 09:29:53 AM
#2
Why did you ask this question? I do not think anyone will want to relocate because of gambling to be tax free.

I do some findings about it and I saw this online https://www.vegasmaster.com/gambling-tax-free-countries

It might not be very accurate but when I check another site, I saw some countries that I saw on this site there.
newbie
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February 19, 2024, 09:18:59 AM
#1
We all know that gambling income is heavily taxed in most of the countries. This is because most of the countries have separate taxes for the gambling related income. I want to know which are the most gambling friendly countries which charge very less or nil income tax on gambling winnings ?
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