A Comprehensive Guide to Online Gambling in New Zealand
New Zealand is a country with many people who enjoy gambling online, and this is mainly thanks to the relaxed laws around the subject. But what are these laws exactly, and will players need to pay any tax on their winnings? Keep reading to find out the answers…
Is Online Gambling Legal in New Zealand?
The position of the law in New Zealand really mirrors that of the Australian gambling laws, and this means that players are allowed to gamble online, providing they play at a site located outside of New Zealand. This is stated directly in the Gambling Act 2003, which states “It is not illegal for someone in New Zealand to participate in gambling over the internet if that website is based overseas.”
This means that anyone from New Zealand can gamble online with confidence, free from any worries about being prosecuted for doing so. Of course, players should be careful to only play at sites that are accredited by a reputable gaming authority though, and at sites that use independent companies to verify their fairness.
Are Online Gambling Winnings Taxable?
Taxation is another area where New Zealand is extremely similar to Australia. Those who find themselves winning at an online casino will not have to pay any taxes, regardless of the size of their prize, as the Inland Revenue does not view online casino gambling as a type of employment. This means that online gamblers in New Zealand are lucky to live in one of the best countries around when it comes to taxation.
How New Zealand Players Make Deposits at Online Casinos
If you’re a player in New Zealand, you’ll have no problems when it comes to making a deposit at your favourite online casino. This is because, thanks to the clear rules allowing citizens of the country to gamble online, all payment methods are allowed. This means that banks have no problem processing payments to online casinos, unlike in some other countries, where they are discouraged from doing so by the authorities.
Credit/debit card payments are the most popular way for New Zealanders to fund their online casino accounts, as they are easy to make and don’t incur high fees. POLi is also offered at a number of online casinos, and is another incredibly popular payment method used by gamblers in New Zealand. Other popular services include Skrill, Neteller and Entropay.
The Best Software for New Zealand Players
Regardless of the type of game you enjoy playing, you’ll find many options open to you. This is because all of the major software providers offer their games to players in New Zealand, thanks to the relaxed laws on online gambling in the country. This means that games from huge names such as Microgaming and Playtech can be both downloaded and played via a browser, depending on your own personal preferences.
Resources for New Zealand Gambling Fans
Discover the world of online casinos for Kiwi players by visiting some of these fine websites featured below: