Taxation of Online Gamblers Clarified by Spanish Authorities

The confusing issue of taxation on online gamblers, and whether they are allowed to claim relief for losses incurred whilst gambling over the internet has been somewhat clarified by the Spanish government this week.

And the answer that arrived from the finance ministry is that online gambling losses cannot be set off against income tax but that they can be used only to lower capital gains derived from online gambling activities.

The ministry specified that there are provisions which allow the discount of gambling losses from winnings in the same taxable period, which effectively reduces net capital gain.

Live activity feed

Swipe left or right to see more

lcb activities in the last 24 hours

  • 34
    new members
  • 580
    members online
  • 12102
    guests online
  • 151
    new posts
  • 8307
    free games played
Join the club

Highest Community Rated Online Casinos

Swipe left or right to see more

Latest forum posts

Join today and start earning rewards

You will immediately get full access to our online casino forum/chat plus receive our newsletter with news & exclusive bonuses every month.
S logo

Report to moderator

Use this function to inform the moderators and administrator of an abusive or wrongly posted message.

Please note that your email address will be revealed to the moderators if you use this

Select Language
Search Results