You will need to register for betting tax if you are a betting operator with a taxable wagering revenue (TWR) that equals or exceeds the annual threshold amount of $300,000. Betting tax is applied at a rate of 20% to a betting operator's TWR that exceeds the annual threshold amount.
Once you are registered for betting tax as a betting operator in Queensland, you must lodge monthly betting tax returns and an annual return each year. Any tax and other amounts you owe must be paid by the due date or interest and penalties may apply.
