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Online Casinos in general: Curacao e-gaming license tax free or not?

Topic created on 01st Mar. 2020 | Page: 1 of 2 | Answers: 10 | Views: 3,860
Dani1899
Are wins at Online Casinos with a Curacao license as tax-free as EU casinos? I can't find a clear answer on the internet
Except that the license says that the casino can legally offer in the EU

Does anyone have experience with this?

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gamble1
Icon
With most of the Curacao stalls you don't have to worry about taxes because you never see a cent from them anyway

I think everything in the EU is ok everything outside not

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Dani1899
In this case it would be about Arcanebet, which is apparently quite large in the e-sports area. Wanted to play through a wager for fun and unexpectedly now still have money on it

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Kleinkariert
Expert
Sports betting has 5% betting tax, for other casino games there is currently no regulation because they are still considered illegal

Leaving that aside: There is no clear regulation, some interpret it as tax free and some do not. Often mentioned is §4 UStG which does not generally exempt casinos from taxes in my eyes. But in the eyes of others it looks different. To have clarity one would have to ask several lawyers.

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wettibernd
Expert
Let me look at it this way

there is a good reason why in Germany all gambling winnings are tax exempt, because if that were not so then everyone in his tax return could make his gambling losses tax deductible and our tax office is afraid because you can badly prove everything, for example, in the Speilbank. So our tax officials would then have to believe everything that is told as long as they have no proof to the contrary
Poker is now an exception, professional Poker players are treated as athletes and also taxed so.

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Dani1899
In my case, I live in Austria. I have found the following statement

Since gambling winnings do not count as taxable income, they must logically fall under the category of non-taxable income. Thus, the answer for Austria is quite clear:
Wins from gambling are tax-free!
This also applies in principle to all Online Casinos that have a license in Austria or in the EU and for all possible games, from Roulette to Poker, which are offered in the casinos.
It is therefore completely irrelevant in which game in the casino the win was earned. The successful players do not have to pay any taxes. Moreover, this assessment is almost independent of the country in which the casino is located.
In this case, the tax liability is linked to the winner's place of residence. Therefore, the tax does not have to be paid in the country where the casino is located or where the license is valid. Therefore, Austrian tax law also applies and this does not tax the wins.

The Curacao e-gaming license is not an EU license but they are allowed with the license to legally offer casino games in the EU. So in that case it is probably also tax free or? Find this a bit complicated

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Dani1899
Just checked my account and saw that the Deposit was made to an account in Eindhoven (Netherlands). Ergo, the money remains apparently in the EU. And should (if the casino pays out a win) also come back from the EU, right? In this respect, there should be no taxes anyway, since as far as I know only income tax must be paid if the money comes from outside the EU

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Kamikaz3Von
Did you receive the money from arcanebet? I was also thinking about registering an account there. Are they any good? And at the end of the day did you declare the money for taxation? To be honest, if it is a sum that is less than 10,000 €, then I was not going to worry about it

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rambo23
Rookie

Dani1899 wrote on 02.03.2020 at 17:03: I just checked my account and saw that the Deposit was made to an account in Eindhoven (Netherlands). So the money apparently stays in the EU. And should (if the casino pays out a win) also come back from the EU, right? In this respect, no taxes should be due anyway, as as far as I know, only income tax has to be paid if the money comes from outside the EU.

Have you declared it now? I've also read that in Germany the wins made in stalls that don't have an EU license are subject to tax. I don't know whether I have to declare the wins or not 🤯

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moralischverwerflich
Expert

gamble1 wrote on 01.03.2020 at 11:46 pm: With most Curacao stalls you don't have to worry about tax law because you never see a cent from them anyway

I think everything in the EU is ok everything outside is not

But you don't seem to be up to date.... Curacao shops are now much more reliable than the MGA shops and much quicker to pay out. Of course there are black sheep everywhere, but Curacao has more than improved significantly

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