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,
Tax advice Malta - professional gambler
matlondoner
04 August 2015 09:59:00
4
ricky
04 August 2015 10:41:53
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
04 August 2015 10:55:40
4
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
04 August 2015 14:09:02
0
Have a look on .
Lots of Scandinavians in Malta playing online poker and theres lots of topics about it.Some conflicting posts though!
F0xgl0ve
04 August 2015 20:20:41
1969
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
04 August 2015 21:30:32
4
Ray this is just example
matlondoner
04 August 2015 21:31:21
4
thank you SunshineLover2011 - very good forum
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