You can submit a return using our online services.
To log in, use your client ID and correspondence ID from your most recent correspondence from us.
Each correspondence ID is only valid for 12 months.
If you're registered for point of consumption tax, you must lodge a return each month.
For each monthly return, you must enter your taxable net NSW wagering revenue - that is, your net NSW wagering revenue less the threshold entitlement.
You must lodge a return even if no tax is payable.
Contact us if you've made any errors in your monthly returns.
Example 1: The following example shows how to apply a $1 million threshold when calculating monthly returns from the beginning of a financial period.
In this example the full financial year threshold is $1,000,000.
The June (annual) return results in tax payable by the betting service provider.
|Month||NWR* for month||NWR year to date||Threshold balance|| Taxable NWR|
| Tax payable |
for month @ 10%
|Threshold entitlement for year||$1,000,000|
*NWR is net wagering revenue
The threshold from 1 January 2019 to 30 June 2019 is $500,000.
Your June return is used as a reconciliation to recalculate your annual liability. You must submit your annual reconciliation by 21 July each year.
In your annual reconciliation, you must enter a breakdown of your net NSW wagering revenue for the annual period. If your reconciliation results in an overpayment of tax, you'll get a refund.
You must lodge a return even if your tax payable is zero.
Contact us if you've made any errors in your annual reconciliation.
Example 2: This example shows an annual reconciliation, following the monthly returns calculated in example 1.
|1. NSW totalizator bets |
NSW revenue from totalizator pools
|2. NSW betting exchange bets |
All fees/commissions paid to the betting operator
|3. Other NSW bets||$1,200,00|
|Total other NSW bets||$1,000,000|
|Total fees and commissions||$500,000|
|Less total winnings||$150,000|
|Less total refunds||$150,000|
|4. Unclaimed winnings for NSW bets||$50,000|
|5. Other amounts |
Other amounts paid to the betting operator for NSW bets
|Net NSW wagering revenue||$4,150,000|
|= Taxable net NSW wagering for year||$3,150,000|
|Tax payable @ 10%||$315,000|
|Less previous payment made||$290,000|
|Total amount payable||$25,000|
Betting tax and tax parity industry funding arrangements payable by the totalizator licensee will continue following the introduction of point of consumption tax.
The totalizator licensee can offset their betting tax paid against their point of consumption tax liability.
As a betting service provider, you must keep all records necessary to accurately assess your point of consumption tax liability for at least five years.
Liquor and Gaming NSW will conduct compliance audits and can ask you to supply written or electronic records to determine whether you're compliant with your tax obligations.