Posted inJapanese Laws
Understanding Tax Implications of Horse Racing Winnings: Is It Temporary Income or Miscellaneous Income? Future Insights and Interpretations
Question from a reader:
Regarding horse racing payouts, is it classified as temporary income or miscellaneous income? The National Tax Agency’s announcement states that it is “judged comprehensively,” so does that mean it won’t be clear until a court ruling is made?
Background on Horse Racing Payouts and Tax Treatment
Horse racing is one of the most popular forms of gambling in
