Kateryna July 21, 2025 11:50:08
Can you write off gambling losses? This is a common question for gamblers new and experienced, and the answer is more complicated than many people think. This simple guide will help you understand when and how you may be able to write off your gambling losses, what records you need to keep, and what the rules mean for you.
Olena April 21, 2021 00:47:05
If you are a keen gambler or sports bettor, you should know how to claim gambling losses and/or winnings on your taxes. Here are some tips that will help you to determine how to do it and why it is better for you to report your gambling misfortunes.
Saida May 26, 2020 14:10:07
VAT as we know is the tax levied on the product’s every stage of the supply chain. That may start from the raw materials and reach the final purchase. We are used to paying VAT tax on most of the products around us. And the gambling industry here is not an exception. Therefore, taxpayers should also pay the VAT on gaming machines. A variety of online gambling sites, like the Betway Sportsbook, only increases the importance of VAT in the gambling industry. Therefore, more and more countries are making modifications in their legislation regarding gaming machines. For instance, Belgium removed the VAT exemption for online gambling in 2016.
Akos July 7, 2016 09:10:34
Following the decision of the House of Representatives, the Belgium Gambling VAT exemption will be lifted for online and cash games from August 1st. Currently, all forms of gambling in Belgium are exempt from Value Added Tax. However, from August 1st “all gambling or cash games, except for lotteries, will be subject to VAT to […]
david March 17, 2016 13:10:45
Prior to the budget, shares in UK gambling companies had fallen in fear of tough new regulations. However, they have now risen as a tax on free bets is the only new measure. Overall, Chancellor George Osborne’s budget was good news for UK gamblers. Until its release on Wednesday, there were fears of punitive tax […]
Monica E. December 22, 2013 05:10:37
Internet gambling in Portugal will remain state-controlled, as lawmakers decide to postpone the liberalization of the online gambling market
Tom S. December 16, 2013 11:47:47
Licensed sport betting operators in Italy are suffering due to the oppressive tax laws in the country
George M. May 19, 2013 05:37:40
Wrangling surrounding internet gambling continues
Michael F. December 15, 2010 10:41:34
Spanish officials are meeting later this week to discuss a draft bill that will regulate and tax internet gambling in Spain. Some believe that the proposed
Alex Nevsky December 2, 2010 16:04:36
The Spanish government has announced plans to impose a tax of 10% on fixed odds sports bets and 20% on pool bets. Moreover, local authorities
Brian M. October 11, 2010 14:52:09
While many online casinos clamor for a free market in Eastern Europe, it is evident that not all online casinos wish for a completely free market in Western Europe.
Michael F. September 29, 2010 10:57:38
Word is going around the internet this week that Irish Finance Minister Brian Lenihan may soon propose a gambling tax increase. Changes to Irish gambling laws
Michael F. August 31, 2010 18:00:57
A recent article posted in the Vancouver Sun reported that 2009, Canadians spent nearly $14 billion on officially-likened, government-run, fully-legal
