Finally got there trip.

Townsville - I think it's something like 30% for any win over $1199. I know in Canada, there's quite a process to get it/some of it back. As in Oz, winnings in Canada are tax free.

GG

 

Thanks, just like to know these things before it happens to us. [ If we should be so lucky on one of our trips.]

 

You should deffo chase that 30% - I believe all UK citizens (living in the UK) are entitled to the tax free winnings in Vegas.
I was told the forms are a ITIN (W-7) and a W8-BEN ?

 

The UK has a tax treaty with the US. There should be nothing withheld for a jackpot for UK residents, regardless of the casino. They made an error. Now you've got to jump through hoops to get it back which probably involves filing a US tax return. There are multiple threads on the process for Canadians, perhaps that is a good starting point.

Canada does not have a tax treaty with the US re: gambling so on any jackpot $1200 or more they withhold 30%. You can get it back by filing a US tax return if you have losses that more than offset your winnings. If you won all year long, you don't get it back. Thanks a lot, Uncle Sam.

I think there may also be tax withheld on other types of bets where the payoff is higher than some number like 300:1, for example, some ridiculous Keno bet, or Toronto wins the Stanley Cup. :/

 

Yeah it's not so much to prevent having the watches stolen, but rather to prevent some idiot cracking the glass just to realize it doesn't break open easily!

 

UK residents have no tax liability, but you have to have an ITIN (tax ID # from the IRS) in order to escape withholding.

Supposedly, if you don't have an ITIN, you can provide the casino with a W–8BEN form to avoid withholding. My impression is that the casinos say "talk to the hand" if you try to do that. Casinos are also eligible to be agents to get you an ITIN on an expedited basis if you don't have one, but I don't know how many/which ones bother doing that.

See "Unexpected Payment to an Individual" at https://www.irs.gov/individuals/international-taxpayers/u-s-taxpayer-identification-number-requirement.

If you're a UK resident and gamble in Vegas, you should get yourself an ITIN.

 

Kind of. Basically by filing a 1040-NR you're being taxed at the federal marginal rate for that income level on all your U.S. income, which would include winnings beyond that which you had tax withheld. Even with $100,000 in total winnings, your taxes would be about 21%. Anything under $9,000 runs about 10%.

So if you hit a $4000 royal and paid $1200 withholding tax (30%), and still won another $5000 in four-of-a-kinds and other things that were below the $1,199 reporting threshold that didn't have tax withheld, it would still be worth filing a return, be taxed at $900 and get a $300 refund.

 

I,ve had my ITIN number for about 7-8 years. I just show the piece of paper and get paid the full amount. A couple of places have asked for my passport as well, I usually just have my DL with me because it is easier to carry. I had to show my passport only once at CET properties, after that I dont need it. I hit a 4k royal at the Golden Nugget, and they insisted I show my passport. No big deal, I just returned the next day to collect my 4k. AT Boyd properties, no passport required, cant comment on MLIFE as I dont gamble much there.