As of January 2019, Sweden has a new gambling law, which you probably know well. In order for a gaming company to operate on the Swedish market, a license is required from the Lottery Inspectorate and thus from the Swedish state. This has deregulated Sweden's long-standing gaming monopoly.
Obtaining a Swedish gaming license costs about half a million Swedish krona. In addition, the gaming company must pay 18% tax on all its winnings. All marketing must be conducted and carried out in Swedish. In addition, a casino licensed by the Swedish Gambling Inspectorate has much higher requirements for customer service. It must be available 24 hours a day. In addition, the staff must be fluent in Swedish. This is still only a welcome bonus for each player and applies only to new players.
New players may have a lot of questions that you want answers to when you start playing at the casino. Support can answer these common questions for you. What is an EU license? Are there tax obligations on casinos outside of the EU? Does simple registration apply? Are there only tax-free casinos in the EU? What are the biggest benefits of casinos in Sweden? Why is the Swedish state more restrictive than other countries? Is it possible to play in a casino outside of Sweden? Do you have to be at least 18 years old to play online in Sweden? What is the minimum deposit that applies? What is a live casino? What are free cash spins? What terms and conditions really apply when I want to play at a casino? Do I have to pay taxes in Sweden? Do I have to get the 100 bonus? Why are bonuses only valid for 60 days? Why is the bonus only one time per customer and license?
As you can see, there is a lot to think about before you start playing at an online casino. Always check what terms and conditions apply. Generally, you do not have to pay tax on your winnings if the casino is licensed in the EU.
The new gambling law and regulations have contributed to the disappearance of unscrupulous players in Sweden, and the big operators in the Swedish market are getting stronger. But, in other words, all new casinos to be launched in the future are likely to be licensed by the Lotteries Inspectorate. A Swedish license means that the casino is serious and of good quality. This is something that you should always keep in mind.
Opinion of the Swedish Tax Agency on tax-free casinos (skattefria casinon)
The Swedish Tax Agency has an opinion on casino games. They clearly write on skattefria casinon that profits that take place in Sweden are not taxed, but profits from abroad must be taxed and included on the income tax return. However, this does not apply to countries in the EU zone, which, as we mentioned earlier, most people do, and they also have a license in those countries. So, stick to Swedish casinos or casinos with an EU license.
If you found a casino and weren't sure of its license, it wouldn't do anything if you ignored further searching and playing. This is because playing on these popular sites is not illegal. However, there is no government regulatory agency that guarantees fair play and proper payment of winnings. That is not their job.
Declaration of profits outside the EU
Winnings from popular poker, casino or betting sites on gambling sites outside the EU must be included in your declaration. Consequently, it is not tax exempt and the tax authorities must decide how much tax you must pay on your profits.
Like any other return, the information must be correct, and you are responsible for filling out that correct information. If you incurred other losses, i.e., your winnings from games count, and you can keep your money. The tax you have to pay is paid once a year and does not happen automatically. If you want to make sure you don't get residual tax that you can't pay, you can always save 30% of your profits, such as in. real estate and games.
Don't report casino winnings
If you choose not to report your casino winnings, it can have serious and serious consequences. First of all, the Swedish tax agency needs to be told that you have not declared your winnings and have not paid the correct tax. They do when they are alerted or receive other information indicating that something has gone wrong. Should they start an investigation against you and can find evidence that you won money without declaring. Yes, then you will have to pay that tax as well as the fine. We don't have information about the amount of the fine.
Read more: How to Find a Reliable Online Casino