Tax Free Casinos EU
Tax-Free Casinos
When you try your luck at winning amazing jackpots or test your strategy skills against the dealer, do you think about what you will do with the winnings when you have them in your account? Do you consider the tax implications? When you’re in a rush from a big win, while you may consider sharing some of the spoils with friends and family, most of us are understandably reluctant to share them with the taxman. The good news for players in Europe is that if you choose the right casinos, you can enjoy tax-free winnings!
Top tax-free casinos in Europe
Minimum Deposit Casinos specialises in doing the research for you. We remove the fuss and add the fun by finding the best tax-free casinos online. We have compared, reviewed and rated some of the best gaming sites available in Europe, and presented them to you in our top list. We listed their bonuses, minimum deposits and ratings to make browsing easier, and provided detailed reviews of each casino so you have access to all the information you need to choose the best tax-free casino for you.
How is gambling taxed in Europe?
Gambling regulations vary across Europe. Sound countries allow all forms of gambling while others are much stricter about the kinds of gaming permitted online. IN general, the operators bear the brunt of these restrictions. In Greece, for example, gaming licences are difficult to obtain and casinos are expected to pay 35% tax on their profits. In contrast, Italy’s gaming industry is growing steadily thanks in part to its lower 22% tax rate.
Like the gambling regulations, European tax laws vary from country to country. In most EU countries where online casinos are permitted to operate, the casinos bear the entire tax burden, not the player. There are some exceptions to this, like the Netherlands where players may be obliged to declare their winnings under certain circumstances. However, for most of Europe, if you play at an online casino that holds an EU gambling license, you do not have to pay tax on the winnings.
Gambling licenses and why the location matters
When looking for a new casino to enjoy, most players compare welcome bonuses, game selection and the look and feel of the site. For European players, the license may be one of the most important things to check. If a casino holds a license from the Malta Gaming Authority, for example, your winnings should be tax-free. If you play at a casino that holds a Curacao or Kahnawake Gaming Commission license, on the other hand, your winnings may be taxable. There are several other regulatory bodies that license online casinos, so it is good practice to check the license information before you play… or let us do that for you.
What makes a top tax-free casino?
Several factors contribute to the quality of a tax-free online casino in Europe. Aside from licensing and security, we also assess each casino’s customer support system and contact options, its selection of casino games, the payment options it supports and the bonuses it offers to welcome new players. In addition, the casino needs to be able to perform well on mobile and desktop devices, so you get the best player experience regardless of the device you choose to use. We investigate all these areas to ensure that our top list really does represent the best tax-free casinos that Europe has to offer.
Excellent casino support teams
If you are required to prove to the taxman that your extra cash came from casino winnings, then you need to be playing at a casino that has a good support system. Customer support needs to do more than simply answer your questions and help you to get your bonuses. The casino should be able to provide you with a record of your gaming activity, deposits and withdrawals, so if you ever have to show the revenue collectors where your funds are from, the support team should be able to help you provide the evidence.
Casino games from top software providers
Aside from good record-keeping and an efficient, helpful support team, a top casino should have an excellent selection of casino games, including a variety of slot games, table games and Live Casino games. These games should be fully licensed and provided by reputable software developers to ensure that you have a good gaming experience that is free from technical hitches.
The best software developers design their games to work beautifully on both mobile and desktop devices. If you want a seamless casino experience on any device, quality software is important. Some of the best game providers in the industry are Microgaming, NetEnt, Play’n Go, Playtech, Big Time Gaming, Evolution and Betsoft. There are many more outstanding software studios, but these are among the most well-known.
A range of safe payment options
A top tax-free casino will make it as safe and easy as possible for you to deposit money into your account and withdraw your winnings quickly. To be considered one of the best tax-free sites in Europe, an online casino should support several payment options, including Visa, Mastercard and a range of web wallets like Skrill and Neteller. In Europe, casinos that offer Trustly give you a convenient way to transfer money directly from your bank account, through the Trustly servers, to your casino account so you can deposit and withdraw money without sharing your banking information with the casino. You can also find pre-paid card options like Paysafecard as well as other payment types at top casinos. As trust in blockchain technology grows, we are starting to see more casinos offering cryptocurrencies like Bitcoin and Ethereum as casino funding options too.
All reputable casinos protect their transactions with secure digital encryption technology to ensure that your funds are safe. According to online gaming regulations, they must hold your money in a separate account from their casino operations account and protect the privacy of your data.
A great welcome bonus!
It may seem obvious but there is no point in playing at a casino that offers a mediocre welcome bonus when there are so many excellent deals available. A great bonus is not necessarily the biggest one. We consider the size of the bonus, the wagering requirements, and what you need to do to get the bonus. There are many kinds of bonuses, with different requirements and advantages. We compare these for you and show you all the details that can help you assess their value. Some of the most common bonus types are no deposit bonuses, deposit match bonuses, free spins and bonuses with no wagering requirements. We review each casino on our list in detail to give you a complete breakdown of its bonus structure.
How to get the most from your tax-free gaming
When you select a tax-free casino, one of the best ways to get the most value for your money is to choose one with a good welcome bonus. A great welcome offer is one that either offers you a high-value deposit match (150% and above) or combines free spins with a deposit match bonus. When you are deciding between welcome offers from tax-free casinos, look at the minimum deposit required to get the bonuses, and compare what you can get for that deposit.
Don’t forget to check the wagering requirements. It can be more cost-effective to take a smaller bonus with lower wagering requirements than one that looks better but has requirements of 80x or more. The bottom line is that the more chances you give yourself to win, the better, but you don’t want to be forced to play through your winnings too many times before you can cash them out. It may be great knowing that you don’t have to pay tax on your winnings, but you need to be able to withdraw them in order to benefit.