Tax Free Casinos for Finns

Finland is another country with a long history of gambling but a low number of land based casinos. The people of Finland have been gambling since the 17th century, but the penal code prohibited gambling there in 1899. It wasn’t until the country gained independence in 1917 that the code could be abolished. Today, Finland is home to just one legal casino, which was built in the country’s capital of Helsinki in 1991.

Winnings from land based and online casino gambling are not taxable in Finland. However, casino operators are responsible for paying 8.25% on their net profits.

The one and only casino in the country is Casino Helsinki, located in the capital city. It’s the only casino in the world that donates all profits to charity.

Gamblers in Finland do not have to pay taxes on gambling winnings with the exception of the lottery. Lottery winners must declare their prizes on their income tax. The gambling companies are faced with a series of taxes ranging from gross profits to the value of winnings.

 

Tax Free Casinos for Finns
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Tax Free Casinos for Finns

Tax Free Casinos for Finns

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