Which EU Country Has Better Gambling Taxes Now?

In this article, we are going to talk about which EU country has better gambling taxes. However, keep in mind that you should always do your research if you win a significant amount of money. Because we have collected this information today. But what if they are going to change the tax laws tomorrow? With inflation numbers might change, and you should always stay up to date with things. In this article, we are going to try to find out which EU country has better gambling taxes. However, you can always do your experiments by registering at some of the best online lotto sites in the EU. Because there are countless lottery opportunities when it comes to the online world. However, keep in mind that this is an educational yet entertainment-value article. Therefore, this is our notification to keep you informed. Because there might be outdated information displayed. Furthermore, it’s always important to keep up with the most recent law changes. In case you win the lottery, please contact a local lawyer and monetary advisor. Furthermore, always inquire about the cash reduction due to taxes at the lottery office.

1. The United Kingdoms Is Still The Best

I know, I know. The United Kingdom is no longer a part of the EU ever since Brexit. However, when we are debating which EU country has better gambling taxes. We can not help but admire the fact that the UK is completely supportive of gambling winnings. Therefore, if you win something in the UK, you will get the whole thing. No tricky reductions, no funny additions to your income taxes.

What you see on the screen is what you get. The only time you will have to consider taxes is if you are some sort of professional gambler whose primary personal income is coming from basically gambling winnings. Check out our list of tax-free lotto prizes. Try buying a lottery ticket at TheLotter.

2. Hungary – Which EU Country Has Better Gambling Taxes?

Now that we have talked about the UK. Let me be proud of my own country for a moment. Because Hungary operates in much the same way. However, we have a little more complex system than the UK. Generally, most of the lottery winnings are tax-free. Because the ticket cost already includes the necessary taxes. But what if you win something of great significance? In that case, you will just have 15% of your winnings removed from the total wins. Furthermore, the law treats these as an ‘occasional personal income’. This means that as long as it’s not a consistent thing, Hungary will not tax your primary personal income tax. Neither will it pressure your secondary income tax. Check out an article where I had the Hungarian lottery tickets explained.

3. Germany Is Keeping It Cool

Germany has a consistent system alright? This is why we have placed it so high on the list of which EU country has better gambling taxes. Because they have a set of things they consider an income. For example, if you buy a new house or property, you will receive an income tax on the interest. Furthermore, if you are placing your gambling winnings on an account, that may generate interest as well. According to the Tax And Customs Union, the lotto wins alone shouldn’t come with a reduced amount. Therefore, when you turn the currency and fungible cash into non-fungible or fungible properties. Then those properties will receive a tax. In this country, I recommend you always inquire about these things before purchasing a property.

4. Poland With The Advanced Bands

Poland is the first country on our list of which EU countries have better gambling taxes that come with tax bands. I believe bands are one of the most reasonable things to have. Because it is a diplomatic yet still valuable approach for all parties involved in your luck. Therefore, Polish tax bands will put a tax on your gambling wins above a certain amount of Zloty. Which is extremely simple in this case. Because Poland has a simple two-band system.

You may receive lotto wins up to PLN2,280 free of tax. However, when your winnings exceed PLN2,280, then you will be subject to a 10% tax. This means that the lottery office will be due to reduce your winnings by 10% to pay the taxes. Some cooler lotteries will pay for it. However, if you feel like they “stole” 10% that means they just reduced the taxes. Register at TheLotter to buy a ticket.

5. Spain – Which EU Country Has Better Gambling Taxes?

We can confidently state that Spain is a pretty awesome place when it comes to gambling taxes. According to the Tax Summaries Lottery and game prizes are liable to a 20% withholding or prepayment of the special tax imposed on gaming income. The withholdings serve as a credit towards the overall tax amount owed. The following bands apply to the Spanish winners. All gambling winnings are free up to €40,000. However, the second band features a 20% tax rate on winnings exceeding €40,000. Pretty awesome right? However, what makes it even better is that foreign citizens are entitled to a full tax refund to prevent double taxation. Claiming this refund must be done through the Spanish tax authorities and it will be approved in the following calendar year. Register at TheLotter to live with the offer.

6. Romania – Bands Getting A Little Complex

Next is Romania. Some might argue that a lot of tax bands are great. However, I believe that sometimes there are just too complex systems.

Obviously, due to the economic situation, it’s smart for Romania to put different tax bands and keys for these things. Therefore, this is the first EU country where you will have to understand how lottery taxes work. Romania has three tax bands. There are no free lottery wins. Between RON1 and RON 10,000 winners are subject to a tax rate of 3%. However, the second tax band scales between RON10,001 and RON66,750 which is due to a flat tax of RON300 and an additional tax rate of 20% on the amount that exceeds. Finally, the third band is between RON66,751 and above. Winners are subject to a flat tax of RON11,650 and a 40% tax rate over 66,750.

7. Italy – Which EU Country Has Better Gambling Taxes?

Moving on, it’s a little hard to determine which EU country has better gambling taxes. According to TheLotter Blog Italy comes with a seven-tax band system. If Romania was not complex enough. Let’s take a look at what Italian winners have to go through:

• Band 1 - Free up to €100
• Band 2: €100.01-€300 - Local retailer fee of €1.02
• The Band 3: €300.01-€500 local retailer fee of €3.10
• Band 4: €500.01-€1,000 local retailer fee of €3.10 and a tax rate of 20%
• Band 5: €1,000.01-€5,200.00 local retailer fee €6.20 and a tax rate of 20%
• The Band 6: €5,200.01-€52,000.00 local retailer fee €5.16 and a tax rate of 20%.
• Band 7 - Any portion exceeding €52,000.01 is subject to 20% tax.

The 20% only applies to prizes exceeding €500. Italy Lotto lottery taxes 8%. For Italy, MillionDay is 8% and quoted net amounts.

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