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Gaming machines: Income tax treatment of gaming machine income
From 3 April 2006, all gaming machine income is exempt from income tax as long as:
- the organisation is licensed to conduct gaming machine gambling under the Gambling Act 2003, and
- they comply with the Act in applying and distributing the net gambling proceeds.
Do I need to pay tax on my gaming machine income?
|your only source of income is from the gross gambling proceeds||you will automatically qualify for an exemption||you are not required to file income tax returns.*|
|you receive income from other sources||
|your organisation is found to be not exempt from income tax||you will be required to file a tax return each year||you should include in the return a:
* Please let us know if this applies to you so we don't send you any income tax returns.