Joined: Apr '08
Age: 33 (M)
So have i understood this correctly ? If you are Europeanand the poker winnings is within the borders of the EU there are absolutely no taxes ... and what determines if its within the borders of EU on ONLINE cases is where the gaming servers and license is.
hmm ... So now when i live in Finland and cashes out 70 € (WOOHOO SHIP IT! ) and dont pay any tax for it am i going to jail or facing an fat bill for tax fraud ?
Joined: Feb '08
Location: United Kingdom
Age: 33 (M)
As far as I'm aware you only need to pay taxes on poker winnings if you play at a professional level. I don't think the government are gonna chase you down for tax on 70 euros. Like anything else there is a sensible cut off point to what you start paying taxes on.
Joined: Mar '08
Age: 47 (M)
im lucky in australia you dont pay tax on money you make if its a hobby.once you play as a proffessional thats a different story,tax gotta be paid.accounting for pros must be a nightmare,youd have to keep records for everythin and have a great accountant.i wouldnt be to worried 70 euros aint much.they wont jail you for that.mabie.
Joined: May '09
Age: 35 (M)
I think there has been a lot of confusion on this tax issue. It all has to do with this: Is Poker a game of hazard or knowledge? Everyone that just played a bit must by now have realized that knowledge definitly is a factor.
If the game is considered strictly hazard it has to be taxfree and most government do. But on the other hand they would like to cash in on all winnings. Very immoral if you ask me.
If you don't pay taxes and only cash in around 1000 dollars or so, I think you will be off the hook, but in principal you obligated to pay taxes. However I don't think the government will charge you for any extra fine if they decide to bust you anyway. Afterall there are still many uncertaintys regarding to this issue.
But as you say yourself the mainrule at the moment is that any pokersite licensed in EU is taxfree for europeans.
I have one question myself. If a place is licensed on the Nederland Antilles, is it then EU or not? I am not sure whether it is dutch soil or simply independent, with the latter making it non-EU.
Joined: Aug '09
Age: 35 (M)
does EU means EU EEA as well as new included states like turkey? also say u have poker winnings in your neteller account and you have neteller atm card then u can withdraw money anywhere in the world jus like if u have a bank account in london with a debit card, you can withdraw money in spain italy or finland . do you pay taxes then? what you say guys?