Taxes

EllinLucky · Nov 10, 2017

Which is the tax on gain poker in your country?
How do you pay for it or do not pay it?

Amdrius · Nov 10, 2017

I live in Belarus. At us the tax to a prize makes 12 percent that is equivalent to surtax. For payment, you need documents confirming receipt of the winnings, for example, an extract from the bank account, in which it is indicated where the money came from. The tax is paid once a year for the reporting period in total for all transactions.

YoSoyMarce · Nov 10, 2017

In my country (Venezuela) nobody pays tax, the online game is not regulated, Venezuela is a paradise for a pokerstars player

Iryna Stryzheuskaya · Nov 10, 2017

Amdrius said:
I live in Belarus. At us the tax to a prize makes 12 percent that is equivalent to surtax. For payment, you need documents confirming receipt of the winnings, for example, an extract from the bank account, in which it is indicated where the money came from. The tax is paid once a year for the reporting period in total for all transactions.

It's strange. I also live in Belarus, but I pay a tax of 13% of my winnings.

lovemiscou · Nov 10, 2017

In Canada, we don't pay taxes on poker gains.

TakinOver · Nov 10, 2017

YoSoyMarce said:
In my country (Venezuela) nobody pays tax, the online game is not regulated, Venezuela is a paradise for a pokerstars player

Awesome...Hope your cleaning up. That sounds like paradise. Lol.

playinggameswithu · Nov 10, 2017

No Taxes

The U.K and Canada do not tax gambling winnings.

Pharaoh39 · Nov 10, 2017

Not sure I want to deal with the cold winters in Canada, but it sounds like it's money to be made.

kidrock1211 · Nov 10, 2017

i plead the 5th lol

sryulaw · Nov 10, 2017

as far as I know, wsop tournaments, and others, the tax is collected at Source, there is a video on YouTube that Akkari explains about it, When you earn a very high value and you need to take the money, or make transfer, through that I understand is collected at the source already, in Vegas and in Brazil you do not have to pay anything.

Pokerguy6666 · Nov 10, 2017

I LOVE CANADA! No Taxes on gambling winnings.

TakinOver · Nov 11, 2017

playinggameswithu said:
The U.K and Canada do not tax gambling winnings.

Awesome. I do plan on moving to Canada one day. Hopefully not to long from now. Hoping im accepted there since i am Mexican and have no clue what to expect. I would love to be tax free on my winnings. I would be back on pokerstars man that would be great.

bmw13 · Nov 11, 2017

Yep if you are a winning player you should think about tax... i believe a great country is Malta.

Pharaoh39 · Nov 11, 2017

lovemiscou said:
In Canada, we don't pay taxes on poker gains.

So you just play and no taxes? What's the cost of living like up there?

Ebsonip · Nov 11, 2017

Here in Brazil I do not know, I hope it has not tax hehe

oldolm · Nov 11, 2017

in my country is not paying taxes, winnings are not eligible to taxes

Douglas Gonzaga · Nov 11, 2017

Here in Brazil, it imposes a tax on everything, but they still have not discovered how to collect poker money, which continues for a long time.

TakinOver · Nov 11, 2017

oldolm said:
in my country is not paying taxes, winnings are not eligible to taxes

Well where at? You forgot to tell us where your at? :deal::deal:

cheeeer · Nov 12, 2017

Anyone heard about Austria? I heard there's some preferences in Austria but don't know which.

Pharaoh39 · Nov 15, 2017

TakinOver said:
Awesome. I do plan on moving to Canada one day. Hopefully not to long from now. Hoping im accepted there since i am Mexican and have no clue what to expect. I would love to be tax free on my winnings. I would be back on pokerstars man that would be great.

You can stay in Canada for 180 days (six months) without a visa. You do need a passport though. Here's some info:

https://www.pokernews.com/news/2011/10/packing-up-to-play-poker-toronto-canada-11241.htm

lovemiscou · Nov 17, 2017

Pharaoh39 said:
So you just play and no taxes? What's the cost of living like up there?

Some things are same price as in states, like meals in restaurants, gas is more expensive then in the states and sadly alcool beverages are more expensive here also. I think that the cost of living is a little higher then in the states but we have free medicare but we don't have your beautiful warm weather . It's the perfect time to emigrate, the prime minister is putting the migration number up to 340 000 for a few years.

Pharaoh39 · Nov 18, 2017

lovemiscou said:
Some things are same price as in states, like meals in restaurants, gas is more expensive then in the states and sadly alcool beverages are more expensive here also. I think that the cost of living is a little higher then in the states but we have free medicare but we don't have your beautiful warm weather . It's the perfect time to emigrate, the prime minister is putting the migration number up to 340 000 for a few years.

I have a friend that lives in Toronto. I'm thinking of getting my money up and stay out there for 6 months. Trying to avoid the winter. So maybe the summer.

Herkstwin · Nov 18, 2017

Pharaoh39 said:
Not sure I want to deal with the cold winters in Canada, but it sounds like it's money to be made.

Global warming is making Canada a much warmer place these days! haha
I play in Canada and the US. My winnings in the US have never reached the threshold where I have to pay a stupid 30% tax.

Taxes

EllinLucky

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Amdrius

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YoSoyMarce

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Iryna Stryzheuskaya

Legend

lovemiscou

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TakinOver

Rock Star

playinggameswithu

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Pharaoh39

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kidrock1211

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sryulaw

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Pokerguy6666

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TakinOver

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bmw13

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Pharaoh39

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Ebsonip

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oldolm

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Douglas Gonzaga

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TakinOver

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cheeeer

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Pharaoh39

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lovemiscou

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Pharaoh39

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Herkstwin

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