Swiss Parliament Compromises On Gambling Taxes On Winnings

Will create single, overarching tax regime on the industry

The Swiss Federal Assembly has reportedly agreed a compromise on taxes concerning lottery and sports wager winnings, leveling the playing field across the gambling sector.

According to SwissInfo.ch, only winnings that cross CHF1 million (GBP 768,730) will be subject to taxation – creating a common, overarching law on all gambling in the country.

Lottery and sports betting winnings were previously subjected to tax contrary to winnings derived from Swiss or foreign casinos.

The agreement paves the way for the adoption of a new gambling law that will replace the 1923 Lotteries and Betting Act and the 1998 Gambling Act.

The bill encompasses iGaming with specific provisions that protect minors and include anti-money laundering objectives. It proposes only Switzerland-based terrestrial casino operators be eligible to operate online gambling. Foreign websites plying their business in the market will reportedly be added to a blacklist and blocked by internet service providers.

The bill will face a final vote before it can be published in the Swiss Federal Gazette and promulgated into law.

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Brian Cullingworth

Brian Cullingworth

Infopowa news was a staple of Casinomeister’s news from 2000 until 2019. Brian Cullingworth was the main writer, contributor, and was one of the most knowledgeable persons I have ever known involved in the online casino industry.

We first met in January 2001 at the ICE in London where I observed him going booth to booth interviewing online casino, software, and licensing jurisdiction representatives. Brian was also heavily involved with our forum as “Jetset“, he was involved as an informal consultant to eCOGRA, the OPA, and was a player advocate who assisted countless aggrieved players with his connections to industry folks. He also published “Casino Cautions” via Infopowa news for quite a number of years. These can be found in our news archives.

His passing in February 2019 was a dark day for us. He will be forever missed.

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