business.gov.au

Registration for betting tax - Queensland

Description

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.

Service type

Licence

A licence defines the need to obtain recognition / certification and registration to undertake a certain business activity.

Fees

Fees Details for this service in table format.

Task Type Business Structure Description
Apply Application All

Please contact the agency for information on fees to be submitted.

Forms

Application process

Apply

Before you register for betting tax, you need to create an individual Queensland Revenue Office (QRO) Online account. You cannot set up a generic account for a company.

Then, link your individual account to the taxpayer.

Lodgement process

Apply

Payments can be made in QRO Online.

Administering agency

Queensland Treasury

Queensland Revenue Office