New Posts For Thread: Gambling law and tax in Spainhttps://community.betfair.com/general_betting/go/thread/view/94082/27680593/gambling-law-and-tax-in-spainGambling law and tax in Spain , anybody know something ?Fine,Of course you would always have to go over a certain threshold to become a target. That's the reality. But it is also true that a number of random inspections happen regardless of your income every year. I just wanted to clear the situation, inhttps://community.betfair.com/general_betting/go/thread/view/94082/27680593/gambling-law-and-tax-in-spain?post_id=497452237#497452237Fine,Of course you would always have to go over a certain threshold to become a target. That's the reality. But it is also true that a number of random inspections happen regardless of your income every year. I just wanted to clear the situation, inMon, 30 May 2011 16:08:52 -0500Btw I'm not disputing your correct statements about the technical taxability of the overseas income of Spanish residents, but I think we both know that tax evasion is rampant in Spain and online gambling taxes would surely be a long way down the totehttps://community.betfair.com/general_betting/go/thread/view/94082/27680593/gambling-law-and-tax-in-spain?post_id=497433237#497433237Btw I'm not disputing your correct statements about the technical taxability of the overseas income of Spanish residents, but I think we both know that tax evasion is rampant in Spain and online gambling taxes would surely be a long way down the toteMon, 30 May 2011 12:47:55 -0500St PilgrimDon't you think that even if the Spanish tax athorities ever get organized and efficient enough to try to monitor and collect tax on offshore online gambling profits, they will have a fairly high threshold of what level of profits that woulhttps://community.betfair.com/general_betting/go/thread/view/94082/27680593/gambling-law-and-tax-in-spain?post_id=497432469#497432469St PilgrimDon't you think that even if the Spanish tax athorities ever get organized and efficient enough to try to monitor and collect tax on offshore online gambling profits, they will have a fairly high threshold of what level of profits that woulMon, 30 May 2011 12:40:11 -0500@fine,Exactly what you say is what I posted in the first explanation of how things work today. Which is no guarantee of how they will work tomorrow.But statements about profits being "tax free" because they are UK income are wrong and may confuse peohttps://community.betfair.com/general_betting/go/thread/view/94082/27680593/gambling-law-and-tax-in-spain?post_id=497403781#497403781@fine,Exactly what you say is what I posted in the first explanation of how things work today. Which is no guarantee of how they will work tomorrow.But statements about profits being "tax free" because they are UK income are wrong and may confuse peoMon, 30 May 2011 07:26:22 -0500laptop in spain, win money, no problemo hey presto!!!https://community.betfair.com/general_betting/go/thread/view/94082/27680593/gambling-law-and-tax-in-spain?post_id=497366889#497366889laptop in spain, win money, no problemo hey presto!!!Sun, 29 May 2011 18:14:26 -0500Let's face it, unless you are make a very, very large amount of gambling profit on BF, the Spanish tax authorities are very unlikely ever to discover it.Unless of course BF have to report the status of all accounts owned by Spanish fiscal residents thttps://community.betfair.com/general_betting/go/thread/view/94082/27680593/gambling-law-and-tax-in-spain?post_id=497357989#497357989Let's face it, unless you are make a very, very large amount of gambling profit on BF, the Spanish tax authorities are very unlikely ever to discover it.Unless of course BF have to report the status of all accounts owned by Spanish fiscal residents tSun, 29 May 2011 16:10:50 -0500The Spanish tax system has always been progressiveand never had a fixed %.And with regards to tax free profits, that statement is just like one from a Spanish guy (about 3 years) in this same forum.He moved 3 days before the end of the year to the UKhttps://community.betfair.com/general_betting/go/thread/view/94082/27680593/gambling-law-and-tax-in-spain?post_id=497328433#497328433The Spanish tax system has always been progressiveand never had a fixed %.And with regards to tax free profits, that statement is just like one from a Spanish guy (about 3 years) in this same forum.He moved 3 days before the end of the year to the UKSun, 29 May 2011 10:37:17 -0500When I looked into this a few years ago it seemed to be that If you are from the UK and live in Spain then any Spanish income is taxed at a fixed % and any income earned in the UK is still taxed in the UK.This effectively means that Betfair profits ahttps://community.betfair.com/general_betting/go/thread/view/94082/27680593/gambling-law-and-tax-in-spain?post_id=497323085#497323085When I looked into this a few years ago it seemed to be that If you are from the UK and live in Spain then any Spanish income is taxed at a fixed % and any income earned in the UK is still taxed in the UK.This effectively means that Betfair profits aSun, 29 May 2011 09:24:05 -0500@fine: The chances of getting caught are non existent as of now. But that's only because the Tax Agency hasn't decided that those targets are worth the time and effort (they still have to sort out many other types of fraud)But it is obvious that becahttps://community.betfair.com/general_betting/go/thread/view/94082/27680593/gambling-law-and-tax-in-spain?post_id=497220289#497220289@fine: The chances of getting caught are non existent as of now. But that's only because the Tax Agency hasn't decided that those targets are worth the time and effort (they still have to sort out many other types of fraud)But it is obvious that becaSat, 28 May 2011 06:37:43 -0500saint, yes I am referring to the fact that a gambler currently residing in the UK (or Ireland) would be moving from a tax free environment to a taxable one but I'm also concerned that Spanish residents are taxed on total worldwide income. That's a dehttps://community.betfair.com/general_betting/go/thread/view/94082/27680593/gambling-law-and-tax-in-spain?post_id=497214217#497214217saint, yes I am referring to the fact that a gambler currently residing in the UK (or Ireland) would be moving from a tax free environment to a taxable one but I'm also concerned that Spanish residents are taxed on total worldwide income. That's a deSat, 28 May 2011 04:48:28 -0500