Taxes also apply to gambling, beware

The tax return on the basis of which taxes must be paid.

Taxes are a topic that relates to almost every aspect of our daily existence. Casino revenue is no exception in this respect. Whether it's classic brick-and-mortar casinos or online casinos. If in any of them you will receive an incomeyou are obliged to tax it properly. Of course, this process is not as straightforward as one might think, so we will make you aware of all the relevant requirements.

Taxes have changed in 2020

A lot of gamblers were used to one thing. Income is exempt from appropriate taxation. The year 2020 has become a turning point in this respect, as a different law on income taxation has been in force since its beginning. The amount of tax is worth 15 % on the amount over one million crowns. So if you like to visit casinos or play onlineyou may not miss your tax return.

Questions and answers on taxation

In this context, we will mention a few more important pieces of information. These will set the record straight. Taxation may have certain exemptions and so on. You can see this for yourself with the questions and answers below.

What gambling is affected?

These include lotteries, tournaments and live games, odds betting, technical slot machine games, electronic roulette, including all other games of chance.

Is any amount won taxable?

The taxation of the threshold above CZK 1 million applies to this income for the whole year. This means that at the end of the year, you add up all the earnings from poker tournaments and tax them accordingly.

How about lottery games?

In the case of lottery games, taxes are a little different. Here too, the 15 % on the amount over one million crowns apply, only the winnings are taxed by the operator of the service itself.

Should foreign winnings be taxed?

Yes, income from online casinos, most of which are operated abroad, is also taxed.

Who will prepare my tax return?

You can either do it yourself or contact an accountant or tax advisor.

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