You should know that the winnings obtained in bets are subject to taxes in Spain. The tax is calculated on the net profit obtained during the fiscal year, that is, the difference between the winnings and losses of your bets.
Therefore, if your profits exceed your losses, you will have to pay taxes for the profit obtained within the scales set by the Tax Agency. The tax rate applied to sports betting earnings varies depending on the amount of profits obtained.
For more information, go to the offices of the Tax Agency or access its website.
You can request the document accrediting the balance of losses / winnings in Speedybet via our Customer Service by email or chat.