BankrollMob Poker News
feb
15

PokerStars Gets EU License
Tags: finland, finland, pokerstars.eu, sverige, sweden, tax free.
Posted on 15 February 2012 by "T".

Since February 13th Swedish and Finnish players will be moved from PokeStars.COM to PokerStars.EU software. The reason for this is that PokerStars has gotten a license in Malta (where many other betting companies also have their license), which makes all winnings tax free. There is no difference when it comes to tournaments, cash games etc, so players from Finland and Sweden can still take part in, for example, Sunday Million and play against the same players as on PokerStars.COM.

How will it work?
Once you log on to your PokerStars account you will receive detailed instructions and your current balance, cash balance, FPPs, VIPs, and VIP status, will automatically be moved over. And once the software update is done you are good to go again!

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15 comments on "PokerStars Gets EU License"


 mascona15/02/2012 11:53:51 GMT
Since when is Man Island no more in Europe than ?
 Fakiry15/02/2012 12:53:53 GMT
If it doesn’t changes nothing to players, this can only mean very good news to Pokerstars, not paying tax from winnings. Many Portuguese companies have moved their headquarters during last year to Holland with the same intention, but they are still paying something. Can’t figure out why haven’t they moved to Malta. Or this tax free just applies to betting companies? Think I just got it now!
 tn11197815/02/2012 13:14:58 GMT
Posted by Fakiry:
If it doesn�t changes nothing to players, this can only mean very good news to Pokerstars, not paying tax from winnings. Many Portuguese companies have moved their headquarters during last year to Holland with the same intention, but they are still paying something. Can�t figure out why haven�t they moved to Malta. Or this tax free just applies to betting companies? Think I just got it now!


This news is not about Pokerstars paying no taxes. The tax rate for online gaming companies is very low in Malta, but it ain't zero.
It's about the winnings of players from Sweden and Finland. Until February 13th, players from these countries had to pay taxes on their winnings from Pokerstars.com in their country. Now these players don't have to pay taxes on their winnings because their countries don't charge taxes on winnings from sites that are based in europe.
 kwasac15/02/2012 13:45:24 GMT
Nice Smile
 jbrooksie15/02/2012 16:35:19 GMT
Posted by mascona:
Since when is Man Island no more in Europe than ?


If you mean the Isle of Man it holds neither membership nor associate membership of the European Union
 Smilie15/02/2012 17:35:45 GMT
thank you kindly for the update and information. Smile
 comisaru15/02/2012 19:57:58 GMT
Good Thumbs Up
 initiator15/02/2012 20:36:52 GMT
DOES THIS REALLY MAKE A DIF: TO US EURO: PLAYERSß Question
 ivanica15/02/2012 22:53:03 GMT
Posted by initiator:
DOES THIS REALLY MAKE A DIF: TO US EURO: PLAYERS� Question


Not rly...
 tn11197816/02/2012 08:22:27 GMT
Posted by initiator:
DOES THIS REALLY MAKE A DIF: TO US EURO: PLAYERS� Question


For the swedish and finnish players who win enough money and who were honest taxpayers it makes a big difference. It depends on the tax law of your country. For german players like us it doesn't make a difference right now. We have to pay taxes on online poker winnings, regardless if it is considered legal or illegal, as long as we play a certain amount of time daily (about 6 hours) and make profit about 1.500€ or higher a month. But these tax laws might change an than it can make a difference if you play on a site that is based in europe or not.
 pochui16/02/2012 08:39:05 GMT
any move that gaming operator does in order to save its customers money is a good move- if it is legal of course. here we see that pokerstars moved to help swedish and finish players, and especially considering that there are many high volume players there is is probably a good move Shock
 jessthehuman16/02/2012 08:44:58 GMT
Thanks for all the clarification tn111978, BRM news articles are never written very well. cheers!
 Chartoule16/02/2012 09:48:20 GMT
Hi guys!!

Good for Pokerstars, for us.. nothing really changes.
I wish Pokerstars and others sites work hard vs goverments to make possible the .eu sites.
 remilia16/02/2012 13:31:09 GMT
Like whatever...
 Fakiry17/02/2012 13:10:37 GMT
Thanks for the explanation tn111978, i really wasn’t understanding the advantage of this movement for players, and now that you told me that they used to pay taxes from their winnings because the site wasn’t from an European country and now they will not be paying, that really makes all the difference for those from Sweden and Finland who use to make money from Pokerstars. But, if you can, tell me one other thing: if the players, instead of withdrawing directly from Pokerstars to their bank accounts, decide to withdraw to an online wallet, will it make any difference? That way, government doesn’t know if the money comes from online game winnings or from any other place…

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