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Because Tasmania\u2019s GST rate sits at 10 per cent, a $500 win on an offshore site can be shredded by a 30 per cent tax hit if the player forgets to lodge a foreign income statement\u2014a mistake that costs more than most weekly grocery bills.<\/p>\n
Take the case of Tim, a 34\u2011year\u2011old from Perth, who tried to claim a $50 \u201cgift\u201d from an overseas casino; the ATO treated it as taxable income, leaving him with a net gain of $35 after the 30 per cent levy.<\/p>\n
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