lottery tax calculator australia
All About Lottery Taxes
lottery tax calculator australia
lottery tax calculator australia
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lottery tax calculator australia The benefit of the basic exemption limit and income tax slab rate is also not applicable to this income The entire amount received will be In Australia, lottery winnings are generally considered tax-free This is because they are classified as windfall gains, which are non- tax at the rate of 15% Furthermore, under the Betting, Lotteries, and Gaming Act, there is an additional turnover tax on lottery and gaming at 15%