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gambling winnings tax

Last activity 30 July 2018 by SimCityAT

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kacper107107

Could you kindly inform if winnings on gambling ( sports betting ) are tax free in Malta???

I will be very grateful for help and offer a good bottle of champagne for help:)

tearnet

Telephone the tax authority for a definitive answer.

https://ird.gov.mt/feedback.aspx

Terry

ricky

Hi kacper107107,

I don't think there is any country in Europe that taxes gambling ( lottery) winnings. Germany certainly doesn't!

Of course you will be taxed in the following year on income gained from your gambling win. It is the gambling provider who pays the relevant taxes.for the initial game.

Cheers
Ricky

Rawbiz

kacper107107 wrote:

Could you kindly inform if winnings on gambling ( sports betting ) are tax free in Malta???

I will be very grateful for help and offer a good bottle of champagne for help:)


Hi. You do not have to pay taxes for gambling, as with casinos it is already included so to say.

Chrigauc17

Hi, I saw this comment - I assume you have won some kind of money and i'm askiing if you could help me. Did you get taxed for your winings ? I'm a maltese citizien aswell.

SimCityAT

Chrigauc17 wrote:

Hi, I saw this comment - I assume you have won some kind of money and i'm askiing if you could help me. Did you get taxed for your winings ? I'm a maltese citizien aswell.


This is 4 years old and the OP has not posted in a while so it's doubtful you will get a response. AS the replies already stated you won't get taxed on your earnings until the following year.

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