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Paying the Price for Winning

The online casino gambling industry in Sweden is actually a very interesting situation – the country is in the midst of huge controversy over the fact that Sweden continues to operate a government-run land and internet gambling monopoly, Svenske Spel. Then you add to that sticky situation the fact that gamblers all over Sweden were told by the Swedish government that they have to pay additional Swedish taxes on their gabling winnings, and it all gets just a bit more confusing. Online casinos licensed and operating in the European Union are supposed to have a special status in Sweden – gamblers do not have to pay additional taxes in their home country if the company is operating or licensed from an EU member state.

The really interesting part to the situation is the fact that the Swedish tax authorities and the Swedish government insist that they are still able to enforce Swedish taxes on winnings from foreign online casinos…the courts though have now set out the very specific tax requirements.

In the recent case of a Swedish player asked to pay taxes on winnings from two different online casinos, the judge ruled that it all depends on where the site is licensed. The gambler is exempted from paying taxes on winnings from the Isle of Man licensed site but does have to pay taxes on winnings from the internet gambling site licensed out of Monaco. This court ruling aligns precisely with what the EU policies stipulate about gambling at the online casinos in the EU – those winnings are not subject to tax according to EU policy. Unfortunately for the gambler though, no such policy exists regarding internet gambling winnings from outside the EU.