Do I need to pay tax on my bets or winnings?

December 21st, 2006, 09:18

All gambling taxes are paid by Gnuf within the state of Malta. The payout attributable to the customers is exactly in accordance with the amount in your account. Therefore the customer has no obligation to pay any taxes towards the state of Malta. Gnuf Ltd is a Maltese registered company, which pays its gambling taxes to the state of Malta. Since Gnuf receives business from all over the world, and tax regulations for gambling and lottery vary in all parts of the world, the Gnuf policy is that we cannot give any advice or directions, with regards to those kinds of questions. It is up to each individual customer to be aware of his own country’s tax laws.