Which Countries do not Tax Winnings of Pro Sports Bettors?

[BigJay]

Valid points, of course.

It's an interestin' point.

Pulp Fiction clip with quote It's an interestin' point. Yarn is the best search for video clips by quote. Find the exact moment in a TV show, movie, or music video you want to share. Easily move forward or backward to get to the perfect clip.

getyarn.io

 

[flyingillini]

Vietnam, Cambodia, Myanmar and Laos are a dream for gamblers.

 

[sportsbettor5]

Vietnam, Cambodia, Myanmar and Laos are a dream for gamblers.

Citizens of these countries do not owe tax on their sports betting profits? Any documentation of this?

 

[flyingillini]

Citizens of these countries do not owe tax on their sports betting profits? Any documentation of this?

betting is illegal but people do it, no taxes are paid to anyone, I know guys betting in the high 6 figures, no taxes

 

[harrisonolivia95]

My understanding (please correct me if I'm wrong) is that the UK does not tax proceeds from betting, period.

I have also heard that Australia might be in this boat.

Which nations allow the professional sports bettor to pay zero income tax on winnings?

On the other hand, nations like Canada and Ireland seem to be in a grey area in which the bettor could get hit with income tax if the relevant tax authority determines him to be a professional.

On the opposite extreme is the US, of course. US citizen bettors can't even escape their tax requirement by leaving the country.

You’re right about the UK - betting winnings there aren’t taxed because the bookmakers themselves pay a gambling duty instead. Australia is similar; players don’t pay tax on winnings since it’s considered a form of entertainment, not income. Germany and Italy, though, do take a percentage depending on the operator. Canada’s situation is indeed a grey area - casual bettors are fine, but if you’re seen as a pro making a living from it, you could face income tax.

 

[BigJay]

gambling duty

 

[Pimike]

betting is illegal but people do it, no taxes are paid to anyone, I know guys betting in the high 6 figures, no taxes

Hookers at bars and massage places also illegal to sell sex but they don’t really enforce it there.

Correct?

 

[flyingillini]

Hookers at bars and massage places also illegal to sell sex but they don’t really enforce it there.

Correct?

Correct, it is illegal in Thailand too but it is the mecca for sex.