Mania

Swiss Parliament Agrees To Change Lotto Winnings Tax Rules

Did you win a prize in the Swiss Lotto? Well if you did and it was after September 13th 2017, then you will be glad to find out that you no longer have to pay taxes on your lottery winnings. Up until recently Swiss Lotto jackpot winners had to pay a large portion of their winnings to the government in the form of taxes. Recently Swiss parliament passed a reform deciding that lottery winners don’t have to pay taxes on their lottery winnings anymore.

This happens at the same time that Online Gaming Legislations are also changing in Switzerland. Many government officials and parliament people thought however that giving up all of the revenues from taxing lotto wins was a mistake.

No Taxes Can Save You Millions On A Jackpot Win
No Taxes Can Save You Millions On A Jackpot Win

Mistake or not, lotto winnings and jackpots worth millions will no longer be taxed by the Swiss government. If you are playing from abroad however and win a jackpot prize you may still owe taxes from the prize to your own local government, and will have to probably declare the prize money as a source of income.

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