• May 30, 2017 The NGB can be contacted on 010 003 3475 and for any further information at www.ngb.org.za. Information relating to any suspected illegal gambling activity in South Africa can be provided to the NGB at fraudalert@ngb.org.za.
• The country is the third-largest gambling market in Africa, after Nigeria and South Africa. Show that gross gambling revenue for the 2016/2017 financial year was $198m (£151m) - equivalent to.
• Nov 16, 2017 Corporate tax in South Africa is set at a flat rate of 28% for all companies. Although a withholding tax on winnings has been proposed since 2011, nothing has been set in stone. Software Testing and Online Gambling Any machine or device which needs calibration or certification must be tested by a licensed testing agent.
• The South African gambling industry is a relatively important component of the local entertainment and recreation sector of the country, both directly and indirectly, and its tax contributions go a long way in supporting the growth and development of the country.

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2. Income Tax South Africa
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4. Gambling Tax South Africa 2017 Full Video

The South African gambling industry is a relatively important component of the local entertainment and recreation sector of the country, both directly and indirectly, and its tax contributions go a long way in supporting the growth and development of the country.

The title says it all, but we’ll say it again, should a punter pay tax on his / her gambling winnings in South Africa? Well you’ve come to the right place to have that question answered. This is our guide to Gambling Tax South Africa

Before we get started we’d like to say we are not tax lawyers or accountants so please do your own research if you are making enough money that you think you should be paying tax. This post is meant as a guide for those who think they should and would like to do the right thing.

Gambling Tax in South Africa

Lottery winnings

Lottery wins are not included in an individuals taxable income and are generally exempt from taxes. You would need to declare the winnings to Sars however. They won’t tax it but they’d like to know about it!

Gambling winnings

We’re sure this is the reason why you are here. Gambling winnings and tax can get a bit murky and complicated so we’ll try keep it simple. We’re going to group winners into two different camps, the first being Joe Public who bets / goes to the casino every so often as a hobby and John Sharp who is a professional gambler who spends all his time playing poker and sipping cocktails at Kenilworth racetrack and is paying Gambling Tax.

Joe Public has a job and only gambles for fun and to try make some extra money. Joe is basically the majority of the gambling / betting population. He’ll have a few wins and lots of losses and won’t make enough to get SARS interested in taxing him. Now there are circumstances where Joe might have won R300000 on a pick 6 / blackjack and he is worried that the taxman will come chasing him for some Gambling Tax.

Fear not Joe, you are safe. SARS treats Joe Public’s winnings like it treats Lottery winners winnings as “It’s not a scheme of profit making”. Which means Joe Public will not have to pay tax but he should declare the winnings to SARS. Now if Joe keeps winning and decides that he can make money out it then he becomes John Sharp.

John Sharp is only in the business to make money off the casinos, bookies and dice rollers in his local alley. Because his business (well personal business) is to make money this makes him a Professional in the eyes of the Taxman, so what does this mean for John and the R200000 he won at Kenilworth thanks to a tip from his uncle? Well it mean’s he is going to have to declare those winnings making them subject to normal tax, on the bright side he can also claim losses on his tax which does make things a bit fairer.

Full time gamblers pay tax

For those of you who are full time punters / gamblers and are making a profit you should be declaring this to SARS and you will be taxed accordingly. These scale on what your income tax scales so you’ll need to refer to the SARS website for more details on what exactly one would need to pay if they profited R10000 or R1000000 in one month. You’d obviously pay more the more you profit.

We hoped this article was helpful and if you’d like more detailed information then we’d suggest giving your account a shout and he’d be able to explain things in more detail. Otherwise best of luck Joe and John, I hope you guys walk out with a healthy profit.

For more information please see the SARS website.

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3 years ago

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We all would agree online gambling is on the rise in continent, however while most of the people in Africa is happy concerning the expansion of the business, others are troubled concerning the growing downside of addiction in the continent.

Professional services network, PricewaterhouseCoopers (PwC), in a

But the positive growth of the gambling business raises issues regarding rising addiction in these countries. Though government laws to gambling dissent in these countries, social and ethical issues are playing in a key part in shaping their approach to the present flourishing business.

South Africa is King, with a Throne of problems

South Africa covers over 90th of the market share of gambling in desert in Africa. PwC sets the country’s total gambling turnover at $18.77 billion, $23.73 billion (of that 82%) , came from the thirty seven casinos within the country. bingo was the rapid-growing class in 2013 with a 58.9% increase, followed by LPMs at 25.9 the concerns sports indulgent at 21.3 %

In the next four years, South Africa’s gambling business can grow at a mean 6.3% to $39.1 billion. the advantages of the flourishing business surpass the gambling firms and people winning bets to incorporate the govt that received $211.3 million in taxes and levies in 2013. This besides the VAT paid by casinos to the National Treasury on the gross gambling revenues that they have earned . The estimated VAT collected on gambling revenues from casinos in year 2013 amounted to $170 million, or 11 November of gross gambling revenue. once VAT is enclosed, the share of all taxes for casinos rises to nearly twenty one the troubles

The value of gambling to South Africa’s economy is equivalent to the price of rising addiction to its society. whereas the country has achieved relative success with handling gambling addiction among the affluent within the cities, the result has been lots less positive within the poorer townships. The rising problems have contributed to the South African government stall the passage of a pro-online gambling legislation.

Twin Rivers, a South African-based addiction treatment centre says gambling addiction ruins thousands of people’s and are related with different psychological disorders like habit, depression and anxiety. The centre aforementioned the act was in its pedant kind is as venomous and as life threatening as any narcotic.

Nigeria, rapid growing in worth and downside

Although Nigeria comes a distant second to South Africa within the market share of the Africa’s gambling business, it’s the quickest rate of growth. PwC analysis report says its growth has really taken a dip. Consistent with the analysis platform, Nigeria’s casino gambling brought in $40 million in revenue. Casino gambling in Nigeria is recent, and there are simply three government authorized casinos within the country. Moreover, the trade has the ascent rate in Africa, 7.7%, and would rise to the region of $60 million by 2018.

Due to lack of proper regulation, only the tax of Nigeria’s three licensed casinos are properly collated

However, the important gambling spike in Africa’s largest economy comes from sports indulgent. A look report by the news organization of Nigeria (NAN) says Nigerians pay around $11.3 million daily on bets, $4.2 billion a year. However lack of indulgent legislation and regulation means that the govt makes next to nothing from the gambling industry. Solely are Casinos are properly regulated for, with PwC noting a $5 million tax income.

Aside denying the govt large revenues in taxes, gambling addiction among the country’s youth is exploding in numbers. regarding half-hour of young people between the ages of eighteen and forty, thirty million Nigerians, actively interact in sport gambling. NAN, in its report quoted the representative of gambling World, a betting company, who declared that gamblers can borrow up to N10,000 daily to put as bets and whereas some win, others lose, but return additional} the subsequent day to put more bets.

Inadequate facilitates for gambling addicts, as obtained in South Africa, additionally will increase the problems of the trade in Nigeria.

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Lotteries are one of the easiest ways to test an individual’s luck. They may also be described as one of the easy ways to earn some good money with a small little investment and trust in fate and chance. Winning a lottery is always a dream come true for any person. Lotto Nigeria is one of the famous licensed brands which is organizing lotteries for the Nigerian folks and encourages all kinds of individuals to try their luck and be a contestant of the lottery games. It is running under the management of an organization known as the Fortune Games Limited Company.

Lotto Nigeria is one of the most known lotteries in Nigeria, and each passing day it is increasing its fan following and have multiple participants who are loyal to them. In the upcoming future, Lotto Nigeria has planned to sell traditional paper lottery tickets in the largest cities of Nigeria. Now you can play online.

The brand Lotto Nigeria hosts two types of lotteries. Every information about their actions and declaration of events are provided on their website. The two lotteries hosted by Lotto Nigeria are:

• GG World Million
• GG World Keno

If you want to try your luck – just click here and play lotto online at lottonigeria.com.

Learn to play Lotto Nigeria

Each game has clear rules. Both the lotteries have different rules that are specified as follows: –

GG World Million

The essential feature of online lottery games is that it can be accessed whenever anyone wants to play through any device on the official website. GG World Million is such kind of lottery game which is accessible from everywhere in the world and also straightforward to understand and play. The guidelines to play may be as follows:

• The game starts with each contestant selecting five digits from a range of 1 to 50.
• The game moves to the next phase, asks the contestants to choose more two digits in the range of 1 to 12.
• Some contestants who are playing continuously and know the mechanics of the game may feel lazy to choose the digits by themselves, for such occasions a quick tool is provided to every contestant that when selected picks all the numbers by itself.

Apart from such rules, there are some rules and limits to the total winnable prize money discussed as follows:

The basic jackpot of this lottery is about NGN 383,500,000 (USD 1 000 000). By any chance, each contestant does not match with the correct selection of digits, the amount of the reward is forwarded to the next phase of the game, this happens continuously until any specific individual wins by matching his digits. As you can see – you can win much more than in popular Baba Ijebu Pay Me My Dough lottery.

The GG World Million is very straightforward to understand, and anyone who wants to have a test on their luck is obliged to try. One view of the rules section on their main website is enough to understand the game rules.

GG World Keno

GG World Keno is much like the GG World Million game because both of them deal with digits. Some rules to be maintained and followed are as follows:

• The game starts with each contestant selecting a maximum number of 10 digits from a field of 1 to 70.
• Contestants can use the quick select tool available to each of them if they don’t have the wish to choose the numbers by themselves. This tool, if clicked, selects all the numbers for the contestant by itself.
• A draw of the lottery takes place after every 4 minutes continuously.
• The maximum amount of number draws in one game is 20, and a contestant wins when the digits drawn are similar to the digits selected by the contestant.

The details regarding the winnable prize money are as follows:

• The participant is required to choose a maximum of 10 number within the given range of 1 to 70
• A tool is available for the user, which can be utilized to generate random numbers instead of having to choose them manually.
• There is a gap of 4 minutes before each lottery is drawn.
• The player is declared the winner when each of his selected numbers matches with the 20 drawn numbers.

Limits and rules regarding the total winnable money:

There is no limit to the selection of lines, and the user is free to select as many lines satisfying his preference. Each bar is associated with a small draw amount, the minimum stake being NGN 100 for each line the user takes. In simple terms, the value of selected lines is directly proportional to the rate of winning of the respected user. There is a prize multiplier that can be adjusted by the user going up as high as 10x.

Why is it worth playing?

The world is changing, and with it, its rules too. There is a high probability that you will face rumours about it being potentially low in standards but what is not mentioned to you is the chance of scooping up enormous life-changing cash values. Their proceeds are also donated to public sections including parks, educational development, and funds for veterans and seniors. Surveys support the fact that lotteries promote little or no individuals should start understanding what’s right for them and not relying on other’s personal opinions defying their choices. Lotto Nigeria is a lottery which should be tried by every interested individual as it requires low values of stake and provides considerably higher rewards. If the person is willing to take a risk and challenge his luck for better prizes, no obstacle should stand in his path. If you want it, go for it, there is no point in wasting any more time wondering about it.

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2 weeks ago

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December 3, 2020

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Businesses, products and services need to make sure that they are able to attract their clients. This is because that is core of any business, it needs to be able to reach its intended audience. And in order for them to be able to get there are two different types of marketing that can be used, these are digital marketing and traditional marketing.

Difference Between Digital Marketing and Traditional Marketing

As we mentioned earlier, there are two different types of marketing that can be used in order to get your product or canadian mobile casino to reach its intended audience, and these are digital marketing and traditional marketing.

The difference between digital marketing and traditional marketing is the manner in which the message will be reached by the audience.

In traditional marketing, the message will be portrayed through means like magazines and newspapers, whereas in digital marketing, the message will be portrayed through modern technology communication methods like social media or websites.

Channels of Digital and Traditional Marketing

Both types of marketing use different channels in order for them to be able to get the message across.

Channels for Digital Marketing include:

• Social media e.g. Facebook, Instagram, Twitter, LinkedIn
• Websites
• Content Marketing
• Affiliate Marketing
• Email Marketing

Channels for Traditional Marketing Include:

• Outdoor e.g. billboards, bus/taxi wraps, posters etc
• Print Magazines

Pros and Cons Both Digital and Traditional Marketing

As much as both are methods of marketing, they each have the good and thebad that comes with them.

Pros of Digital Marketing

• Engagement
• Measurable
• Targeted

Cons of Digital Marketing

• Can be annoying
• It is not permeant
• Dynamic

Pros of Traditional Marketing

• Impactful
• Permeant
• Memorable

Cons of Digital Marketing

• Hard to measure
• Expensive
• No direct Interaction

What method of Marketing Should you Use?

No you need to be able to make the choice on the method of marketing that you will use. As you can clearly see that each of them have their pros and cons. However before you make that choice, you can easily be playing online casinos real money games to ease of the stress.

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2 weeks ago

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December 3, 2020

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Digital marketing is very important especially in this day where almost everyone is on the internet. Digital marketing is one of the most used marketing strategies. It is important for every company to digitally present. This is why we are going to list important digital marketing tools that startups need to have.

Google Analytics

This is one of the best free Google marketing tools for best high roller casinos Canada that you can make use of. This tool should be included in your digital marketing strategy. This tool allows you to study each visitor that visits your site. You can track your visitors’ activity using this tool. Besides checking your site’s traffic there are a lot of things that you can do with the tool.

MailChimp

This tool allows you to do email marketing which is also important. There are millions of emails sent each year, meaning emails are also important marketing tools. Social media platforms will limit you to only brand development because you cannot control users but email is perfect. Facebook, and YouTube are the most used platforms when companies do brand development. The reason why MailChimp is the best is that it has over 12 million customers.

HubSpot

Hubspot is one of the best when it comes to digital marketing. With this tool, you have everything that you need because it covers everything. You can use this tool for inward bound marketing south african casino is using the same strategy. It will help you with a lot of things that include;-

• Marketing Automation
• Website
• Calls-to-Action
• Landing Pages
• Lead Management
• Blogging
• Analytics
• SEO
• Email
• Social Media

If you are looking to have your brand name established then this tool is a must have.

Buffer

There is a need for you to join social media platforms, this tool helps you do that. So many people are now on social media and the more they talk about you, the more you gain new customers. This tool helps you streamline your social media strategy. Before you go on social media platforms, you need to plan.

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