HHmm really? That's awesome. I really thought before that Australia is tight in tax, especially in gambling matters but I'm wrong. I realized that Australia is also one of the wealthiest countries in the world, right? And their economy or country must be well-developed already and there is nothing much that they can add into it, so they start to lighten things now when it comes to tax charges.
People there must be well-educated and well-disciplined too, so I can believe when they say that gambling there is only considered to as a hobby. If let say you had to pay taxes, it can be fine as long as you are a well-skilled gambler, or simply very lucky to win at all times. If not, it can still provide you an entertainment, so why not? I'm clueless about this matters in my own country but I have a strong feeling that it wasn't taxed here yet despite that our country is not that rich as yours.
Topic: Gambling winnings should NOT be taxed - page 5. (Read 823 times)
In my country (Australia) ALL gambling winnings and profits are 100% tax free.
You don't have to declare it because it is considered a hobby.
In the USA and other countries gambling winnings are treated the same as income and gambling companies are required by law to withhold federal income taxes.
If I had to pay taxes I would quit gambling. The risk wouldn't be worth it.
Does your country tax gambling winnings and if so do you declare it yourself or does the gambling operator withhold the taxes on your behalf?
You don't have to declare it because it is considered a hobby.
In the USA and other countries gambling winnings are treated the same as income and gambling companies are required by law to withhold federal income taxes.
If I had to pay taxes I would quit gambling. The risk wouldn't be worth it.
Does your country tax gambling winnings and if so do you declare it yourself or does the gambling operator withhold the taxes on your behalf?
You should be thankful your country Australia is considered a First World Country, they don't need to tax gambling but there are countries that out of extreme necessity have to tax the gamblers.
So between the choice of banning gambling and taxing it, they choose the option that can help them generate funds, not all countries have the same views about gambling be thankful that your country does not tax your winning.
I'm ok taxing my winning as I can see where my taxes are going some people bet because they believe they are helping their government through their taxes.
If I had to pay taxes I would quit gambling. The risk wouldn't be worth it.
I also thought the same thing, maybe I will close my gambling account and I have to start new tricks.Or I will plant palm oil in large quantities and I will be civilized with green nature, I will leave the city full of glass.
Does your country tax gambling winnings and if so do you declare it yourself or does the gambling operator withhold the taxes on your behalf?
For now I don't see anything strange in gambling, especially regarding taxes, whatever I win and I make a full withdrawal without a penny deducted, that's for now, I don't know what the future holds.The point is that the tax exists, but it applies to the gambling industry only, but they do not deduct from the user's winnings.
Government don't take tax from gamblers in my country either win or lose, because government is against gambling base on the way many people have used their property and other things to gamble, which is the reason our government use to encourage people not to spend what they can't afford to lose in gambling .
Since government cannot help you to recover your losses in the gambling, government should not impose taxes on gambling winning, because it will not allow the gamblers in that particular country to grow financially like the way other gamblers in other countries that are not collecting tax from gamblers are doing well.
Well, maybe there is a reason why such government imposed taxes in gambling winning which their gamblers are comfortable about it in that country, but such thing will not going to work in my country because of unemployment in the country.
Since government cannot help you to recover your losses in the gambling, government should not impose taxes on gambling winning, because it will not allow the gamblers in that particular country to grow financially like the way other gamblers in other countries that are not collecting tax from gamblers are doing well.
Well, maybe there is a reason why such government imposed taxes in gambling winning which their gamblers are comfortable about it in that country, but such thing will not going to work in my country because of unemployment in the country.
Unfortunately gambling is subjected to taxable income in my country, but I rarely earn profit through gambling, so it doesn't bother me. Australia seems like the best country to live, the wage is high and there are many jobs opened, it just they have big insects and deadly animals.
Not all countries are like Australia, third world countries that tax their gambling industry need money to sustain their economy, like here in our country but we don't care much about taxation we aim at how to win to alleviate our finances
Meh, third world countries have a lot money and they don't have any financial problem because the government corrupt the money to enrich themselves. They're taxing gambling profit because they're greedy and want to earn more. 
In my country (Australia) ALL gambling winnings and profits are 100% tax free.
this must have feel good, reading and seeing lottery jackpot winners in the USA losing almost half or more than half of their winnings is just ridiculous.Does your country tax gambling winnings and if so do you declare it yourself or does the gambling operator withhold the taxes on your behalf?
they do tax gambling winnings but it needs to be a certain amount before they start taxing it. also from what I remember reading, you'll have to declare it yourself before it gets taxed but when it comes to lottery winnings, it is automatically taxed. 
In my country (Australia) ALL gambling winnings and profits are 100% tax free.
You don't have to declare it because it is considered a hobby.
Not all countries are like Australia, third world countries that tax their gambling industry need money to sustain their economy, like here in our country but we don't care much about taxation we aim at how to win to alleviate our financesYou don't have to declare it because it is considered a hobby.
Quote
Does your country tax gambling winnings and if so do you declare it yourself or does the gambling operator withhold the taxes on your behalf?
Taxation here in our country is automated. our government is in dire need of money to sustain our economy so they made it automated, taxes on gambling are a necessary evil, and our government needs to do it as we are classified as a third-world country. 
Only for the national lottery and the city cockpits, all those gambling activities do have tax included once you are going to receive it.
Well, those games are legal and controlled by the government so there's no escaping the taxation. I think in physical casinos it is different. They have already included all the taxes on your bets and you won't have to pay anything after you win unlike the other two that I mentioned where it will be explained why there's a tax and how much it was.
When it comes to online gambling, I think it's the same way as how it is with physical casinos. They are getting it all back through house edge or it is an invisible tax.
Well, those games are legal and controlled by the government so there's no escaping the taxation. I think in physical casinos it is different. They have already included all the taxes on your bets and you won't have to pay anything after you win unlike the other two that I mentioned where it will be explained why there's a tax and how much it was.
When it comes to online gambling, I think it's the same way as how it is with physical casinos. They are getting it all back through house edge or it is an invisible tax.
In my country (Australia) ALL gambling winnings and profits are 100% tax free.
How I wish we were like Australia, our government is getting 20% of the profit of our winning Quote
You don't have to declare it because it is considered a hobby.
Here in our country, it's our government's cash cow Quote
In the USA and other countries gambling winnings are treated the same as income and gambling companies are required by law to withhold federal income taxes.
Same here in our country, the good thing is the government is transparent in showing where the money goes and this is for keeping and maintaining the government public hospital, the government cannot do it on its revenue so it relies on the taxes coming from gamblers.Quote
If I had to pay taxes I would quit gambling. The risk wouldn't be worth it.
I don't think you can, if you try to do that then gambling for you is making money and not a hobbyQuote
Does your country tax gambling winnings and if so do you declare it yourself or does the gambling operator withhold the taxes on your behalf?
The winner when receiving his winning already deducted 20% of the taxes everything was recorded on the gambling platform, our government has seen huge profits coming from the gambling industry so the government so they monopolized it and so they are the ones running the majority of gambling platform here in our country.[/quote]
Yes I feel the same way as you at times OP, but the
truth is that gambling casinos sites and companies do have to pay taxes because they are operating under commissions that is being approved the government.
That is to say the government has an access in scrutinizing the legitimacy of the company and understands that it an investment potentials of providing incomes to the gambling company owners and then gives them legal licence of establishment.
Where I feel upset is the taxations on gamblers who are not even sure of their winning or even to say they have made profit at a certain winning because your winning in the casino today may not really imply that you have made profit hence we looses more than winning.
We can also imagine the law damaging gamblers to pay taxes just on gaming for fun.
But while these taxes are being demanded, I think the regions where it is exercised would produce more of matured gamblers who are disciplined to their incomes and expenses.
truth is that gambling casinos sites and companies do have to pay taxes because they are operating under commissions that is being approved the government.
That is to say the government has an access in scrutinizing the legitimacy of the company and understands that it an investment potentials of providing incomes to the gambling company owners and then gives them legal licence of establishment.
Where I feel upset is the taxations on gamblers who are not even sure of their winning or even to say they have made profit at a certain winning because your winning in the casino today may not really imply that you have made profit hence we looses more than winning.
We can also imagine the law damaging gamblers to pay taxes just on gaming for fun.
But while these taxes are being demanded, I think the regions where it is exercised would produce more of matured gamblers who are disciplined to their incomes and expenses.
In my country (Australia) ALL gambling winnings and profits are 100% tax free.
You don't have to declare it because it is considered a hobby.
In the USA and other countries gambling winnings are treated the same as income and gambling companies are required by law to withhold federal income taxes.
If I had to pay taxes I would quit gambling. The risk wouldn't be worth it.
Does your country tax gambling winnings and if so do you declare it yourself or does the gambling operator withhold the taxes on your behalf?
You don't have to declare it because it is considered a hobby.
In the USA and other countries gambling winnings are treated the same as income and gambling companies are required by law to withhold federal income taxes.
If I had to pay taxes I would quit gambling. The risk wouldn't be worth it.
Does your country tax gambling winnings and if so do you declare it yourself or does the gambling operator withhold the taxes on your behalf?
That should it be since this is not came from anywhere and we need to feel lucky without getting taxed since somehow we will get feel bad about it especially there are countries who asked huge tax to people especially for this kind of activities.
Its also important for the casino to consider to pay all the taxes and offer tax free reward since there are some platform or institution doing that. But not all implementing this that's why other winners think its waste money goes for tax which instead they enjoy but government take a huge share from them.
People indirectly pay taxes without knowing it, when you enter a shop to buy something, you'll be paying value added tax on what you bought, also when you earn, the payee has deducted tax from the amount that you're entitled to receive and the government is the receiver of these taxes. I feel that in countries like Australia, where gambling is not taxed, their governments can still be collecting income taxes from the gambling companies, who will remit it from the percentages of gamblers bets. Tax is the major source of income of governments and they are therefore entitled to every income that is made in their country, whether directly or indirectly including gambling..
In countries like Australia where gambling is not taxed, not that the gambling platforms are not taxed. All gambling platforms that are operating legally in Australia are taxed by their government. The citizens are not taxed means if an Australian citizen won 200 Australian dollar, he will be given the whole 200 without deducting any tax. But as gamblers are losing and the gambling platform are able to continuing the progress of their platform, they also pay tax to the government. This is different from the value added tax that you are talking about. 
In my country (Australia) ALL gambling winnings and profits are 100% tax free.
You don't have to declare it because it is considered a hobby.
In the USA and other countries gambling winnings are treated the same as income and gambling companies are required by law to withhold federal income taxes.
If I had to pay taxes I would quit gambling. The risk wouldn't be worth it.
Does your country tax gambling winnings and if so do you declare it yourself or does the gambling operator withhold the taxes on your behalf?
You're lucky to live in Australia with tax-exempt gambling winnings, but not every country has similar legislation. As far as I know, in most countries prize money is taxed, because almost no government will refuse such a tidbit of taxpayers' money. My country is no exception and the burden of paying taxes lies on the gambler, who is obliged to pay 13% of the winnings received (for non-residents - 30%). That is, the gambler received the money, after which he declares and pays taxes. You don't have to declare it because it is considered a hobby.
In the USA and other countries gambling winnings are treated the same as income and gambling companies are required by law to withhold federal income taxes.
If I had to pay taxes I would quit gambling. The risk wouldn't be worth it.
Does your country tax gambling winnings and if so do you declare it yourself or does the gambling operator withhold the taxes on your behalf?
In my country (Australia) ALL gambling winnings and profits are 100% tax free.
You don't have to declare it because it is considered a hobby.
In the USA and other countries gambling winnings are treated the same as income and gambling companies are required by law to withhold federal income taxes.
If I had to pay taxes I would quit gambling. The risk wouldn't be worth it.
Does your country tax gambling winnings and if so do you declare it yourself or does the gambling operator withhold the taxes on your behalf?
You don't have to declare it because it is considered a hobby.
In the USA and other countries gambling winnings are treated the same as income and gambling companies are required by law to withhold federal income taxes.
If I had to pay taxes I would quit gambling. The risk wouldn't be worth it.
Does your country tax gambling winnings and if so do you declare it yourself or does the gambling operator withhold the taxes on your behalf?
Good for you that in your country, gambling winnings is not taxable. But most countries do tax their gambling for a certain purpose. I mean the taxes that they got is going to used by the government for infrastructure and others like for building hospital and medicines.
Not to burst the bubble, but i don't think that you will quit gambling just because you are being tax. For sure you will still enjoy it and maybe getting some good wins that will continue with you gambling not just because you will have to pay taxes.
Here in our country, as long as a casino is regulated, you play on their platform, and at the same time you win a large amount, it also has a tax. But there are also many
gambling establishments here in our country that operate illegally in our country.
And there are also many influencers who are known on social media who promote illegal gambling casinos online as well, which probably do not pay taxes.
gambling establishments here in our country that operate illegally in our country.
And there are also many influencers who are known on social media who promote illegal gambling casinos online as well, which probably do not pay taxes.
Does your country tax gambling winnings and if so do you declare it yourself or does the gambling operator withhold the taxes on your behalf?
In my own country gambling win are been taxed but not all wins as there is a set-up amount you have to win for you to be taxed from. Small money wins has nothing to do with government taxes. Am sure on this because I have always withdraw every of my wins in complete figure owing to the amount.Only huge wins and the gambling companies are taxed and it makes sense to me that way instead of classifying all gamble win. Am sure this is not same with other countries where they tax almost any amount of gambling win without putting into consideration how much money the gambler must have lost previously before arriving to that meager win.
In my country (Australia) ALL gambling winnings and profits are 100% tax free.
You don't have to declare it because it is considered a hobby.
In the USA and other countries gambling winnings are treated the same as income and gambling companies are required by law to withhold federal income taxes.
If I had to pay taxes I would quit gambling. The risk wouldn't be worth it.
Does your country tax gambling winnings and if so do you declare it yourself or does the gambling operator withhold the taxes on your behalf?
You don't have to declare it because it is considered a hobby.
In the USA and other countries gambling winnings are treated the same as income and gambling companies are required by law to withhold federal income taxes.
If I had to pay taxes I would quit gambling. The risk wouldn't be worth it.
Does your country tax gambling winnings and if so do you declare it yourself or does the gambling operator withhold the taxes on your behalf?
Having to pay taxes is just a fact of life. The way around that is to just consider it paying for entertainment and make sure that you don’t win any money. It happens…
As gambling becomes more and more legalized in the states, I’m sure lobbyists will eventually target taxes as industry growth slows. We’re just a long way from that currently.
People indirectly pay taxes without knowing it, when you enter a shop to buy something, you'll be paying value added tax on what you bought, also when you earn, the payee has deducted tax from the amount that you're entitled to receive and the government is the receiver of these taxes. I feel that in countries like Australia, where gambling is not taxed, their governments can still be collecting income taxes from the gambling companies, who will remit it from the percentages of gamblers bets. Tax is the major source of income of governments and they are therefore entitled to every income that is made in their country, whether directly or indirectly including gambling..
Sometimes a country needs to impose taxes on the gambling industry to discourage people from gambling and gain income from the industry. Especially in countries like the US where the gambling industry is quite massive, they need to regulate and tax the winnings generated from gambling to be able to advance their economy. And even though Australia does not tax gambling winnings, each state is given the right to tax gambling winnings - and when you gamble you will usually be subject to gambling tax and especially for professional gamblers they need to report their winnings to be taxed. So the gambling tax system in Australia is different, but the outcome is the same - but I agree that gambling winnings should not be taxed.
Does your country tax gambling winnings and if so do you declare it yourself or does the gambling operator withhold the taxes on your behalf?
I think it makes sense that casinos or other gambling platforms are taxed because they are running a business, but gambling winnings are not really an income because it is not a job.besides most gamblers gamble secretly anyway so why would they want to file it on their tax fees.
You would be surprised how many things are taxed today
In my country, if I would send you 2000 EUR as a present, you would have to pay income tax from it But most stupid is that pension is taxed. You work and pay taxed to get a pension when you retire, but when you retire you pay tax again, because government consider your pension as income. Such a bs! As to gambling tax, the amount you win in my country is considered as income as well. However, you got taxed only if your win more than 5k per month. I dont find if fair thing to do, as government does not risk anything. If I win, they get tax. If I lose, they should cashback me a little. That would be fair That would be their investment in to me and me paying tax. Jump to: