Betting games

[godizila]

How we calculate vat 20% in betting games


20% of vat is what you won after deduction of original amount
Example;
You won 1500 after place bet by amount of 1000 now take 1500-1000=500 this 500 find its 20% now you get 100 only
Now you have won 1500 reduce 100 you get 1400
This is your amount after tax(20%)

 

[MySoka]

Unasema?

 

[Luvanga1]

Unasema?

[emoji14] [emoji14] [emoji14]

 

[Cardinale]

Speaking of which, it’s amusing that many (if not most) players believe they’ll receive everything they win in gambling or sports betting. Taxes, fees, and commissions will inevitably be deducted.

 

[Poor Brain]

Expansion to the hyperspace

 

[GeorgeWilson]

Ultimately, everything depends on the specific casino and the regulations of a particular country. In Nigeria, as far as I recall, no more than 10% is deducted from winnings or stakes. Nevertheless, taxes are a factor, and it’s essential to clarify the exact amount if it’s important to you. That’s why choosing a casino or bookmaker like sportybet nigeria is especially important. They operate transparently, offer good bonuses, and provide conditions where you can still expect decent winnings even after taxes.