Who Is Eligible For Non-Resident Withholding Tax
Non-Resident Withholding Tax Eligibility
Non-Resident Withholding Tax – Taxable Games
How Taxable Games in the US are calculated
Slot machines are taxable games if winnings reach or exceed $1,200. This tax will be withheld when you cash in your chips.
Winnings are reduced by the buy-in or wager and taxed at $5,000 or more. If you are playing a tournament in a US Indian Tribal Casino, it’s possible that earnings over $0 will be taxed.
Winnings must be 300 times the original wager, with taxes, once the earnings reach at least $600.00
Same principles as lottery winnings, with taxes starting on winnings of a minimum of $600.00 and 300 times the original wager.
Other Taxable Games:
- Other wagering/betting
- Keno
- Game Shows
Un-Taxable Games in U.S. Casino and Gambling Establishments
- Baccarat
- Blackjack (unless it’s a tournament)
- Craps
- Roulette
Who is eligible for a Non-Resident Withholding Tax Refund?
Most non-US residents are entitled to a withholding tax refund. This is dependent on what type of tax agreement has been made between the US government and the non-US government in question. Canada and the US have formed a tax treaty which entitles Canadians to a refund, sometimes as much as the total tax.
RMS is ready to handle the complexities of non-resident withholding tax when submitting your claim. We have assembled a team of US-Canada Tax Accountants, headed by a Canadian Chartered Accountant, who thoroughly understand the international gambling laws and have helped thousands of Canadians and other non-U.S. citizens recover taxes from their gambling winnings. Contact one of the following offices set up to service your location:
- RMS Toronto: All Canadian and International clients (main office)
- RMS Vancouver: Vancouver
- RMS Las Vegas: Clients wanting to start the process before returning home.
- RMS Mexico: Mexico
- RMS Asia: South-East Asia & Japan
The next time you visit the U.S. to enjoy some responsible gambling and come out a winner, trust RMS – Canada’s top choice for non-resident withholding tax refunds, to ensure you get all the money you’ve earned.