Any gambling winnings, which include foreign lottery prizes, are reportable on your tax return as well. Reporting your lottery prize doesn't necessarily mean you have to pay tax on it, but if you do, it's subject to the same graduated tax rates that apply to your other income. The biggest mistake you could make is trying to claim much bigger losses or not reporting your winnings at all. They can easily check your activity on every gambling website. Another important thing that you should know that even foreigners must pay these taxes. In the United States, the rate for tourists from other countries is 30%. However ... IRS regulations specify how much to withhold for income taxes on various kinds of income, including gambling winnings, received by a nonresident alien. Generally, those regulations require a casino, such as the one you visited, to withhold at a rate of 30 percent of your winnings. You can find more information on US tax assessed on gambling winnings of a foreign individual in another blog post. You still may need to submit Form W-8BEN to claim an exception from any US information reporting and the back-up withholding for these types of US source income. Gambling income of residents (as defined by treaty) of the following foreign countries is not taxable by the United States: Austria, Czech Republic, Denmark, Finland, France, Germany, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Netherlands, Russian Federation, Slovak Republic, Slovenia, South Africa, Spain, Sweden, Tunisia, Turkey, Ukraine, and the United Kingdom. Foreign nationals with US gambling winnings by accident face a different story. These foreign nationals will be subject to 30% income tax rate or lower tax treaty rate because this income is not effectively connected with US trade or business. Some types of gambling winnings are exempt from this tax. Winners in France pay 12% tax on any win over 1,500 Euros. In Spain, it’s taxed as personal income, which means your rate will vary accordingly. Some Mexican states withhold a portion of tax on... PokerNews App. About PokerNews. PokerNews.com is the Do Foreigners Pay Taxes On Gambling Winnings world's leading poker website. Among other things, visitors will find a Do Foreigners Pay Taxes On Gambling Winnings daily dose of articles with the latest poker news, live reporting from tournaments, exclusive videos, podcasts and so much more. Online winnings are not taxed in Austria. Casinos are responsible for paying taxes, whether they operate online or are land-based. 35-80% of all stakes (minus winnings) placed at any casino is Austria must be paid by the operator. You can find gambling facilities in 13 cities throughout Austria.
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