Originally Posted by Siriusz
I thought online poker in Germany was already considered illegal, does this mean they're actually going to do something about it this time?
Btw does anyone in Germany actually pay taxes or you just withdrawal 10k per month and pretend nothing happened?
It is a grey area ATM. If you withdraw one lump sum, it doesent really matter how much it is, you can say you won an MTT and it is (in theory anyway) tax free, like the lottery (for now). If you withdraw 10K 4+ times in a year, then you can just see if they notice - putting it in your tax form as gambling winning, not mentioning it and getting caught is a bad idea - then you may be ignored or you may have to pay taxes on a second income. There are not any concrete laws as of yet, at least as far as I know. If anyone does know, please post.
I am not a tax expert, but I have asked 2 tax advisers, and they were both not sure how it goes. Both said to declare withdrawals, but in the case of multiple withdrawals, be ready for taxation.
I kinda hope to eventually be taxed, cause that will mean I am withdrawing sums that matter on a regular basis