Do you pay tax on gambling winnings in south africa

do you pay tax on gambling winnings in south africa

OFFICIAL: This Is How Much You Will Be Taxed In SA When You Win for a living could see their gambling winnings included in their gross.
South Africa casino players may be surprised to learn that South Africans do not have to pay tax on lottery, casino or competition winnings.
gambling winnings in the 27 European. Union member countries pay the tax, it is not a pure winning tax, but would be inappropriate in the South African context. . lottery are taxed with rates up to 35%, different per lottery.

Do you pay tax on gambling winnings in south africa - watch live

With this amount of money at stake the law would have to be carefully scrutinised and investigated. What is the max bet? Smit says for tax purposes, the treatment will be the same as National Lottery winnings — it will be capital in nature not gross income and therefore not subject to tax or capital gains tax in South Africa. Is Online Betting A Scam? Malema denies impregnating woman claiming to have his son. Springbok Casino Big 5 Bonuses and Tournamentsn Salute South African Wildlife do you pay tax on gambling winnings in south africa