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News & Stories 26 March 2019
A Haven for Lottery Winners
9 Countries where you don't need to pay tax on lottery winning
But, a few people across the world are lucky to be living in countries where there is no tax on lottery winnings. The winners get the lump sum amount, tax-free in the following countries:
United Kingdom
Liechtenstein
Australia
Finland
Canada
Italy
Ireland
New ZealandGermany
However, lottery winners do not mind the taxes. Even after deductions, there is enough money left in the bank to provide for a comfortable life. Just imagine, in India, if you win the jackpot of Rs. 750 crores and pay about Rs. 300 in taxes, you still have about Rs. 450 crores in your bank - and that too on a ticket costing about Rs. 1500/-. The sheer volume of the win that has changed the fate of people across the world is reason enough to start playing on Lottoland.
R
by
Rajesh
Rajesh works as one of the content writers with the Lottoland Asia team. From a very young age, Rajesh had two passions - read literature (English and Hindi classics) and Sachin Tendulkar. Three years ago, he launched a local newsletter discussing classic books and while running a weekly column featuring lottery tips, strategies and results. Since his marriage, three years ago, his passions have extended to watching movies and playing online casinos and scratch cards.