Finland's Supreme Administrative Court allows deduction of losing betting stakes
Finland's Supreme Administrative Court ruled on 1 October that a professional bettor could deduct stakes on losing bets placed in 2020 with operators outside the EEA. The Tax Administration's adjustment adding more than €112,000 to his earned income and its €1,154.60 tax increase were annulled, and the administration must pay his legal costs.
The ruling may affect how professional bettors' taxable income is calculated in Finland.