Gambling laws in Spain

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ludako
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ludako

Gambling laws in Spain
« on: November 11, 2020, 05:32:03 PM »
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Hi everyone,
I am kindly asking someone from Spain to share what taxes spanish government applies on winnings from gambling and after what amount winnings are taxable?
Is everyone obligated to declare their winnings and what is the maximum amount that can be undeclared?
Thank you!
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Nera
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Nera

Re: Gambling laws in Spain
« Reply #1 on: November 17, 2020, 10:38:06 PM »
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Hi! In Spain you must pay for your benefits. For example, you deposit 100 eur in a bookie and you bet this to odd 3.0 your benefits is 200 eur (300 eur - 100 eur). If you don't work you can win max 5500 eur or 6000 eur of benefits (I don't remember now) without you don't pay taxes. If you work, even if you only earn 100 eur a month at your job you must pay taxes if you win more than 1000 eur of benefits in bets, if you win less than 1000 eur you mustn't pay nothing. All this I say is online. For shops if you win in a bet more than 1000 eur you must make a request because in Spain the new laws don't allow pay more than 1000 eur in cash and Hacienda will know that you win this money, for example, you bet 200 eur to odd 7.00 if you win are 1400 eur (200 x 7.00) you must make a request and pay a % of 1200eur of benefits. But if you bet 4 tickets of 50 eur to odd 7.00 will be 50x7 + 50x7 + 50x7 + 50x7 = 1400 eur but in this case you mustn't make a request and you if you don't want to declare it you don't it. The taxes for 0-12450 eur is 19% more than 12450-20200 eur is 24% more than 20200-35200 eur is 30% more than 35200-60000 eur is 37% more than 60000-130000 eur is 45% more than 130000-300000 eur is 47% and more than 300000 eur is 49%.
« Last Edit: November 18, 2020, 09:38:32 PM by Nera » Logged
ludako
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ludako

Re: Gambling laws in Spain
« Reply #2 on: November 18, 2020, 09:04:20 PM »
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Thanks a lot Nera for your answer.
Do you know if bookies are sending reports to the financial authorities?
If you win 2k this month and lose 1k next month, do you still have to pay taxes or this is on yearly basis?

Thanks once again! Cheers
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Nera
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Nera

Re: Gambling laws in Spain
« Reply #3 on: November 18, 2020, 09:33:37 PM »
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Your welcome!!
Yes, the on-line bookies send the reports to the financial authorities. You must pay taxes on yearly basis.
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ludako
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Re: Gambling laws in Spain
« Reply #4 on: January 11, 2021, 11:53:44 PM »
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Thank you Nera once again for your reply.
I just have one more question just to clarify the situation, please.
Lets say I gamble online and I win 3000 euro in January, 1000 euro in February and I stop gambling for the rest of the year.
How much i am going to pay in taxes?

Thank you!!
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Nera
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Nera

Re: Gambling laws in Spain
« Reply #5 on: January 13, 2021, 02:40:43 AM »
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If you work un Spain you will pay 19% of 4000 € (3000 + 1000) I always talk about benefit. If you don't work you don't pay nothing because you have won less than 5500€.

Your welcome!!!
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ArcherVice
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ArcherVice

Re: Gambling laws in Spain
« Reply #6 on: May 16, 2021, 04:02:15 PM »
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Hi! In Spain you must pay for your benefits. For example, you deposit 100 eur in a bookie and you bet this to odd 3.0 your benefits is 200 eur (300 eur - 100 eur). If you don't work you can win max 5500 eur or 6000 eur of benefits (I don't remember now) without you don't pay taxes. If you work, even if you only earn 100 eur a month at your job you must pay taxes if you win more than 1000 eur of benefits in bets, if you win less than 1000 eur you mustn't pay nothing. All this I say is online. For shops if you win in a bet more than 1000 eur you must make a request because in Spain the new laws don't allow pay more than 1000 eur in cash and Hacienda will know that you win this money, for example, you bet 200 eur to odd 7.00 if you win are 1400 eur (200 x 7.00) you must make a request and pay a % of 1200eur of benefits. But if you bet 4 tickets of 50 eur to odd 7.00 will be 50x7 + 50x7 + 50x7 + 50x7 = 1400 eur but in this case you mustn't make a request and you if you don't want to declare it you don't it. The taxes for 0-12450 eur is 19% more than 12450-20200 eur is 24% more than 20200-35200 eur is 30% more than 35200-60000 eur is 37% more than 60000-130000 eur is 45% more than 130000-300000 eur is 47% and more than 300000 eur is 49%.
Is 5500/6000e benefit on annual level?
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gorila
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gorila

Re: Gambling laws in Spain
« Reply #7 on: May 16, 2021, 10:02:49 PM »
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spain is not a good place when it comes to taxes
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Nera
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Nera

Re: Gambling laws in Spain
« Reply #8 on: May 17, 2021, 04:10:20 PM »
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Hi! In Spain you must pay for your benefits. For example, you deposit 100 eur in a bookie and you bet this to odd 3.0 your benefits is 200 eur (300 eur - 100 eur). If you don't work you can win max 5500 eur or 6000 eur of benefits (I don't remember now) without you don't pay taxes. If you work, even if you only earn 100 eur a month at your job you must pay taxes if you win more than 1000 eur of benefits in bets, if you win less than 1000 eur you mustn't pay nothing. All this I say is online. For shops if you win in a bet more than 1000 eur you must make a request because in Spain the new laws don't allow pay more than 1000 eur in cash and Hacienda will know that you win this money, for example, you bet 200 eur to odd 7.00 if you win are 1400 eur (200 x 7.00) you must make a request and pay a % of 1200eur of benefits. But if you bet 4 tickets of 50 eur to odd 7.00 will be 50x7 + 50x7 + 50x7 + 50x7 = 1400 eur but in this case you mustn't make a request and you if you don't want to declare it you don't it. The taxes for 0-12450 eur is 19% more than 12450-20200 eur is 24% more than 20200-35200 eur is 30% more than 35200-60000 eur is 37% more than 60000-130000 eur is 45% more than 130000-300000 eur is 47% and more than 300000 eur is 49%.
Is 5500/6000e benefit on annual level?

Yes.
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