Expert Secrets: How to Withdraw Your Casino Winnings Completely Tax-Free

27-03-2025



According to the Finnish Tax Administration, winnings from online casinos registered outside the European Union may be taxed up to 30 per cent. However, if the casino is licensed in the EU, for example in Malta or Estonia, no tax deductions are required on winnings for Finnish players. You can read more about such casinos at verovapaat-kasinot.org.

Many players do not know some of the nuances and lose a significant part of their winnings due to withdrawal errors, so now we will look at the main mistakes that can cost a player his honestly earned money.

Why You Can Withdraw Your Winnings Tax-Free in Finland

Finnish legislation obliges local gambling establishments to pay taxes on large winnings, but different rules apply to online casinos registered in the European Union. According to EU regulations, if a casino operator has a licence in one of the EU countries (e.g. Malta or Estonia), the money won is not taxed for Finnish players.

For example, Joonas from Helsinki won €150,000 at a licensed European casino. He was worried that he would have to pay part of the amount to the state, but after checking he found out that the operator was registered in Malta. He ended up withdrawing the money in full, without any tax withholding.

It is important to keep in mind that not all casinos comply with these regulations. If the operator does not have an EU licence, the Finnish tax authorities may treat the winnings as taxable income.

How to Choose a Casino to Avoid Paying Taxes

Choosing the right casino is the first step to a trouble-free withdrawal of winnings. The main criterion is the availability of a European Union licence.

Signs of a good casino:

• Licence of Malta (MGA) or Estonia (EMTA). These jurisdictions strictly regulate gambling and allow Finns to receive tax-free winnings.
• Transparent payout policy. The casino should clearly indicate the minimum and maximum withdrawal amounts, as well as possible commissions.
• No restrictions for Finnish players. Some operators, despite the EU licence, may restrict withdrawals for players from Finland.

Example: Lauri from Turku registered at a casino without an EU licence, won €50,000 and tried to withdraw the money. A week later he received a notification that he had to pay 30 per cent tax. He later found out that the casino was operating under the licence of an non-EU offshore company.

Mistakes That Can Cause You to Lose Some of Your Winnings

Winning at verovapaat kasinot suomalaisille is only half the battle. It is important not just to get the money, but also to withdraw it with minimal losses. However, many players, especially beginners, make mistakes that lead to delayed payouts, additional commissions or even the loss of the entire amount.

Mistakes 1. Playing in a Casino without an EU Licence

One of the most common mistakes is choosing a casino that does not have an EU licence. Some sites offer tempting bonuses and high payouts, but operate under offshore licences (Curacao, Panama, Costa Rica and others).

Why it`s a problem:

• Finnish laws oblige players to declare winnings received at casinos without an EU licence.
• Such casinos are not always honest and may refuse to pay out without explanation.
• Banks can refuse to transfer funds from offshore casinos, causing you to lose money.

Mistakes 2. Withdrawal of Funds to Unsuitable Bank Cards

Some Finnish banks automatically block gambling-related transactions. This is due to internal policies of financial organisations that want to prevent illegal transactions and protect players from possible fraudulent schemes.

Why it`s a problem:

• If the bank rejects the payment, the money may "hang" between the casino and the player`s account, and it may be difficult to get it back.
• Some cards do not support transfers from gambling establishments, which may result in the need to find alternative withdrawal methods.
• In some cases, the bank may ask for an explanation of the origin of the funds, and the player will have to prove the legality of the winnings.

Example: Jussi from Oulu won 90000 euros at verovapaat kasinot and tried to withdraw it to a card of a credit bank that does not support gambling transactions. The payment was rejected several times and eventually the casino froze the withdrawal until the circumstances were clarified.

Mistakes 3. Withdrawal to Other People`s Accounts

Sometimes after winning on verovapaat kasinot ilman rekisteröitymistä, players decide to withdraw money not to their bank account, but to a relative`s or friend`s account. The reasons may be different: someone wants to hide income, someone is afraid of restrictions from the bank, and someone simply uses someone else`s account because of convenience.

Why it`s a problem:

• Banks may regard such a transaction as an attempt to launder money.
• In the event of a dispute, it will be difficult to prove that the money belongs to you.
• The casino can block an account for violating withdrawal rules.

Useful Tips for Safe Withdrawal of Winnings

Finnish players can avoid tax problems by preparing for withdrawals in advance.

Firstly, check the casino`s licence before playing. If it is registered in the EU, you don`t have to worry about taxes.

You should also choose reliable withdrawal methods. Bank transfers within the EU are the safest option.

Do not withdraw large sums at once. Splitting your winnings into several payments will help you avoid unnecessary checks.

The stories of players show that knowing the rules allows you not only to win, but also to get money without unnecessary problems. Finland offers a unique opportunity to enjoy tax-free gambling if you follow simple rules.