As 2025 approaches, players and professionals in the gambling and betting industry in Greece face new challenges and opportunities from changes in tax legislation. Keeping up to date with current tax regulations regarding casino tax return winnings is critical for both players and operators in the casino and online betting industry. Casino winnings tax and online casino taxation have evolved with new regulations that affect how winnings are declared and taxed. This introduction aims to provide a clear and up-to-date overview of the key points of the tax process and the relevant changes that have been implemented for casino winnings tax and online casino taxation, making it easier for stakeholders to understand the requirements of the new legislation.
Taxation Online Betting
- Net voucher gain up to 100€: tax-free.
- Net profit from 100.01€ to 200€: 2.5% tax (on the amount exceeding 100€ of tax-free net profit).
- Net profit from 200.01€ to 500€: 5% tax (on the amount exceeding the 100€ tax-free net profit and after the profits have been taxed accordingly for the 2.5% scale).
- Net profit from 500.01€ and above: tax of 7.5% (on the amount exceeding 100€ of tax-free net profit and after taxing the profits for the 2.5% and 5% scales respectively).
Taxation of Online Live Casino
- Net profit of a 24-hour play session up to 100€: tax-free.
- Net profit of a 24-hour play session from 100,01€ to 500€: 15% tax (on the amount exceeding the 100€ tax-free net profit).
- Net profit of a 24-hour play session from 500,01€ and above: 20% tax (on the amount exceeding 500€ net profit).
Key aspects of taxation
Beyond the basic information on the taxation of casino and betting winnings for the year 2025, there are other important aspects in Greece that players should be aware of. For example:
- Winnings Declaration Procedure: players have to declare their winnings to the tax authorities, and for this they may need an official winnings statement from the betting platforms or casinos.
- Impact on Solidarity Levy: Winnings from betting and gambling can affect the total solidarity contribution, especially if the player’s total income exceeds a certain threshold.
- Specific categories of winnings: it is important for players to be aware that different types of games may be subject to different tax regulations.
- Exemptions and Special Regulations: Some casinos or betting platforms may have special exemptions or regulations in relation to the taxation of winnings.
It is always important for players to obtain information from reliable sources and to consult experts about their tax obligations and rights. Casino winnings tax return must be declared correctly, as casino winnings tax includes specific rules that define the amounts and rates. Also, the taxation of online casinos is of particular importance, as players operating on online platforms need to know how casino profits tax applies in these cases. Finally, the taxation of online casinos can vary depending on the legislation, and it is crucial to follow the correct procedure to avoid problems with the authorities.
Earnings Declaration Procedure
In order to declare casino tax returns, players must follow specific procedures to comply with tax legislation.
- Information collection
The first step is to collect all the necessary information about your casino winnings, whether it’s for land-based casinos or taxing online casinos. Players need to ensure that they have accurate evidence of their winnings, such as proof of money returns and account transactions. - Required Forms
To declare casino winnings for tax purposes, you will need to fill in form E1 of the tax return, where there is a special field for gambling winnings. There, you will enter the amount of your winnings, as well as information about the provider of the games (casino). - Submission of Supplementary Documents
If the amount of winnings is large, you may be asked to provide additional documents, such as proof of deposits and withdrawals from your account. This applies both to winnings from land-based casinos and to the taxation of online casinos. - Timeframe for submission
Gambling winnings must be declared within the prescribed period of the tax return. Failure to do so may result in fines for late declaration or failure to declare winnings.
By following these steps, players can ensure that casino winnings tax is done correctly and in accordance with the law.
Consequences for Non-Declaration of Casino Winnings
Failure to declare casino winnings tax return can have serious legal consequences for players, as the authorities have established specific regulations for casino winnings tax and the proper declaration of gambling winnings.
1. Legal Consequences and Fines
Failure to declare casino winnings on your tax return can result in:
- Fines: Players who do not declare their casino winnings face large fines, which increase in proportion to the size of the unreported winnings.
- Criminal sanctions: In cases of large amounts or repeated failure to declare, there may be criminal sanctions, such as complaints and legal proceedings.
- Additional Taxation: Tax authorities may impose additional taxes on unreported amounts based on the current taxation of online casinos.
2. How the Tax Authorities Check Returns
The tax authorities have various ways of checking whether casino tax profits have been correctly declared:
- Automatic cross-checks: They use automatic cross-check systems to verify the winnings reported by players from casinos with the data they receive from gambling providers.
- Account audits: In cases of large profits, the tax authorities may request access to bank accounts to cross-check movements of funds.
- Audits of providers: The authorities can audit gambling and casino providers directly, especially for the taxation of online casinos, to ensure that the winnings information is correct.
These procedures are designed to ensure that players comply with casino winnings tax and pay the relevant taxes on their winnings.