I live in Ukraine, and here casinos and gambling halls act as tax agents. This means that gambling service providers pay tax on behalf of players by deducting the appropriate amount from their winnings. This means that players do not need to worry about paying tax themselves, as the service provider will take care of it for them. How does it work in your country?
With Trumps new tax regs it makes it really hard to be a winning player after taxes.
Only 90% of losses can be deducted against winnings.
Most winning gamblers operate with a high volume low margin, so this makes a lot of winning players losers out of the gate.
Only 90% of losses can be deducted against winnings.
Most winning gamblers operate with a high volume low margin, so this makes a lot of winning players losers out of the gate.
So far, I have never been taxed on anything I won. I go to the cashier and always get the full amount; that's in the casinos.
I hope it'll stay that way though, because the government asked PS for 30% of any winnings by Moroccan players according to what I heard. The sure thing is that PS discontinued its services here starting last August 19th.
I hope it'll stay that way though, because the government asked PS for 30% of any winnings by Moroccan players according to what I heard. The sure thing is that PS discontinued its services here starting last August 19th.
The taxation on casino or poker profits is a dad story . I mean to win once sth good , then the system cones and wants a slice of the pie . And only when you win . When you lose they dgaf . They calculate the profits here in Greece in a daily basis , profits minus losses , so the losses of other unprofitable days are not being taken into account . Nasty thieves . They say the 10-20% tax is not much , but profits from betting are not the same as a wage , they are not stable and guaranteed , you have many downswings .
Nothing after winnings in Hungarian casinos.
I don't know about online winnings, because I've never won such a large amount that I have to think about it.
online poker is a gray zone in Hungary.
I don't know about online winnings, because I've never won such a large amount that I have to think about it.
online poker is a gray zone in Hungary.
Considering all the other games (outside poker) I really don't have to worry about taxes. All gambling is run under strict supervision and if I'd win the lottery for, say 10 million, I wouldn't have to pay any taxes on that. Very simple.
Here in Morocco, it's actually pretty sweet because gambling winnings aren't taxed as personal income for players. The casinos and lotteries pay their own corporate taxes and licensing fees to the government directly, so whatever you win at the tables or the bookies is 100% yours to keep. No deductions, no filing paperwork at the end of the year.
I'm from Brazil, and the rules have changed a lot recently. Taxes on gambling winnings are becoming more structured, but there are still many details that players are trying to understand.
I think it's always better when the platform handles the tax withholding automatically. It makes things much simpler for recreational players and reduces the chance of mistakes.
I think it's always better when the platform handles the tax withholding automatically. It makes things much simpler for recreational players and reduces the chance of mistakes.
