tax advice Malta - professional gambler

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Member since 04 August 2015

matlondonerNew member04 August 2015 07:59:00

Dear Sir/Madam

I am professional gambler ( online sports betting )

1. Could you kindly tell me if I have to pay tax from my winnings ?

if anwer is YES:

2. Do I have to pay tax from my net profit only ? for example in 2016 - I lost 10k and won 20k - in this case I only pax tax from 10k, correct ?

3. I am gambling via internet at my home address ( I need only my home, computer and internet ). Could you kindly tell me if I can use that costs as my expenses ( rent and internet cost ) ?

4. If I would stay in Malta physically only for 5 months per year - Do I still have to pay income tax ?

thank you so much for your understanding,

ricky ViP

Member since 06 September 2009

rickyViP04 August 2015 08:41:53

3522

Without this reply being any form of tax advice the answer for Malta is no. You do not have to pay taxes on gambling winnings in Malta.

Whether or not you have to pay taxes in general in Malta or in your home country is a different question.

Cheers
Ricky

matlondoner New member

Member since 04 August 2015

matlondonerNew member04 August 2015 08:55:40

Ricky, I have just spoke to inland revenue and they told me that gamblings winningsa are taxed on Malta ( Income tax return) . They could not answer more question and advice to send them an e-mail.

SunshineLover2011 Guest

SunshineLover2011Guest04 August 2015 12:09:02

214245

Have a look on .

Lots of Scandinavians in Malta playing online poker and theres lots of topics about it.Some conflicting posts though!

F0xgl0ve Malta Expert

Member since 11 November 2013

F0xgl0veMalta Expert04 August 2015 18:20:41

1974

matlondoner wrote:
Dear Sir/Madam

I am professional gambler ( online sports betting )

2. Do I have to pay tax from my net profit only ? for example in 2016 - I lost 10k and won 20k - in this case I only pax tax from 10k, correct ?

If you already know what you won and lost in 2016 how come you lost anything at all !!!

Ray

matlondoner New member

Member since 04 August 2015

matlondonerNew member04 August 2015 19:30:32

Ray this is just example

matlondoner New member

Member since 04 August 2015

matlondonerNew member04 August 2015 19:31:21

thank you SunshineLover2011 - very good forum

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