This is what Santana Lopes (head of Santa Casa da Misericordia de Lisboa) said about this issue, from a couple of days ago: http://pokerpt.com/noticias/2-actual...ta-a-lusa.html

The only relevant bit, where he talks about the regulation, is this bellow:

"I think it's necessary, it has been done in other country's, and it's long due in Portugal"

And this:
"If the State hands us, like we expect, the exploration of sports betting (...) we have everything ready to start exploring it immediately, the same doesn't happen with other operators interested in this legislation."



Last month Vice Prime Minister Paulo Portas announced they were going to legislate online gaming in 2014, but didn't gave much information on it.

But a couple of days later there was some study, by the Government, dated from April, that was made public, stating that the legislation of online gambling would not be relevant money-wise, and it would take to much work and time.


So, this is were we are now. We don't know for sure if it will happen or not in 2014.

AFAIK, there's not any more recent news about this issue.

they dont pay taxes as winnings from national sites are tax free, until one is pro enough, in case one might gey away with paying taxes in some countries, especially from .com or so sites, though .com is illegal according to some but as i have seen no such law, no one having been arrested and everyone getting away paying taxes from .com sites, i bet its legal, but taxes in these regulated cases one needs to pay, it being similar to countries that pay tax from all other but the eu sites, where the eu is the national type and the non eu taxed. the uk is one exception as no tax, and some countries tax any or some winnings grom national places also.

portugal some day regulates, as will all other countries, but where one is then allowed to play, no one knows, and if there will be taxes.

Hey,

what about live tournament winnings? Are they taxed for portuguese residents?

greetings

Not true for France.
You have to pay tax on your winnings too. (at least if poker is your only source of income) Means you get taxed twice.

Yes, they are tax free. I mean, the player don't pay anything but the casino does. But the fee for the live tournaments is not 5% like online, it's usually higher.

When you guys say "its not regulated so its tax free", I dont think it means you dont have to pay yearly taxes on your earnings, or does it?

From my understanding, in most countries you have to pay taxes on your yearly earnings whatever is the source.

If you have specific legislation for gambling/poker it will apply, but if you dont, standard tax legislation should apply to your winnings from poker too.

^Exactly.

Tax free is when you, according to the law, don't have to pay taxes.

When it's not regulated, this only means there is no regulation/no specific law. But here in Portugal, you have to pay taxes on ANY income regulated or not, legal or not (lol).

But AFAIK no one is paying taxes on poker winnings, and no one is enforcing it ATM.

I would argue the opposite is true. Tax laws generally define what is to be taxed. Why do you think people and companies employ tax avoidance specialists to find loopholes in the law?

Any news?

I'm thinking to move to Portugal this summer for 6-8 months to playin' on stars/FT and for surfing...

Not really. The initial proposal was rejected/delayed at the end of 2013.

I guess we have to wait and see what happens during this year.

Do you know something about the initial proposal? To make me an idea what and how can change the rules in this country in the next future ty in advice

can anyone awser this plz

January 2, 2014: The initial proposal gave the monopoly of online sports betting (but not poker) to the "Santa Casa da Misericórdia", but there are disagreements on this and that's creating an impasse.

@ http://tek.sapo.pt/noticias/negocios...l_1357482.html

Janury 10, 2014: Prime Minister told to the President of the Portuguese Football League Association that the legislation will be finalized in a few months.

@ http://www.dn.pt/desporto/interior.a...ent_id=3625562


Use Google Translator, or something, to read those sites, they are in Portuguese.

I hope fellow Portuguese don't end up with a 15% above 100eur 20%above500eur like we did

Hmm, was thinking about moving to Portugal.

Don't know exactly how they going to do it, but i'm pretty sure they will manage to f*** it up real good for everyone.

yes ofcourse. all sourches, its stated clear in the Tributation code. being regulated or not, dont make a diference.

problem is "real money", and depositing in banks ( or direct wire from gambling sites high amounts), like 10k€ \20k month or whatever. You could b investigated, deposits in cash rejected bec u dont have a sourch doc,..Or when u show external signs of being rich and do nothing, pay 0 taxes \month - someone could tell the finances that, a enemy or they could promote by themselfes a investigation .

Grinding for pennys\lolz like me 500€\1500€ m, its okey, and to be safe the method is just cashing out in skrill and deposit in real cash, avoiding ur acount having transfers from the gambling sites, just for precaution.

ppl just dont care i guess, bec. the mentality of avoid paying taxes, lol. so people just say that there is no especific legislation, its not to pay LOL

a portuguese citizien playing higstakes with profit and living the good life without caring about the state, could have easly problems because the tax evasion...

the penny grinders, low stakes grinders its ok because its hard to be spoted.

So for example i come to Portugal, can i open bank account, recieve money from other country using western union then i can out them in my bank account then add it to stars and moneybookers, because i cant use cash right? And then i can cashing out as much as i want but dont cross the limit which i believe is around $15-18k in one single transaction, otherwise Financial Control will get interesting about me and the money i recieving from somewhere. So what is easier, get prepaid mastercard from Skrill and use it all over the world with around %5-7 in total for cashing out from ATM with limit capped depends on VIP status and including all fees, loads of ballaks with this to be honest. One simple question can i EU citizen open bank account in portugal in USD and use it over there? If not in USD will there be a problem for example when cashing out from stars woudn't it be automaticly converted to EUR?

To open a bank account in Portugal you need a portuguese tax number. To get a portuguese tax number you need to register as a resident or a non resident. I don´t know how the rules are for a non resident but to register as a resident you need to show from what you are living or that you have enough money.


Yes, if you have a bank account in Portugal, you can deposit money in cash or receive bank transfers from other countries.

What you mean with "i cant use cash right?"

The limit for the anti-money laundering law is 10000€ per transcation. I don´t know the exactly limits untill the Financial Control will get interest, but I´m pretty sure it´s way below $15-18k. I assume every deposit/bank transfer above 2000€ must reported to the tax office.


It´s easier to get a prepaid mastercard from Skrill and use it all over the world. The maximum amount you can withdraw per day from ATM in Portugal is 200€ and the bank charge you 9€ fee.

Yes, if you have a bank account in EUR and receive USD it´ll be automatically converted to EUR.

Wow good info bro, thank you very much!!! When i said i cant use cash i ment i cant use cash from my pocket to deposit my bank account because i need to proof where the money come from, i had experience with this in other country.

Well so if i am Polish citizen with free access in Portugal to all services, i still have to get tax number? ..because i am resident of the EU and got all rights in Portugal same as residents. "to register as a resident you need to show from what you are living or that you have enough money" to how this i need to show them money? how much then lol? or should i come to their office with my laptop and show them my account online where i have money?

The maximum amount of money you can withdraw in Portugal from an ATM is 400€ per day, 200€ is the maximum per transaction.

No "Portuguese" bank charges a fee to withdraws from ATM in Portugal. If you use Skrill to withdraw, you'll get the Skrill standard fees (1.80€ if i remember correctly).

If you sent money in USD to an EUR account in any bank in the world, i imagine, you'll get the money in EUR but you will lose money doing so. Some, or all banks, charge a fee, and the ones that don't will screw you in conversion rates.

But you asked this regarding Pokerstars, fortunately you can chose in wish currency they will send you the money, doesn't matter in what currency you PS balance is, and avoid this.

Good info! Thank you!

Ahh, ok. Yes, above a certain amount(which I don´t know for Portugal) you have to proof from where the money come from.

As long as you are not registered in Portugal, you have definitely not the same rights like residents have. As I said you are not able to open a bank account without a tax number and the tax number you can only get when you are registered. If you want a contract with a network operator, you also need a tax number. Without a tax number only the(more expensive) prepaid service is available.

I was last year not able to withdraw a 2nd time during the same day with my Skrill card and also not with my bank card from a foreign country.

Towerflower, can't explain that. As a Portuguese living in Portugal with various cards, from multiple bank accounts, Neteller and Skrill Mastercard, I have made, as you can imagine, hundreds of withdraws with all my cards, and the information i gave you is the correct one, i can assure you.

You can see the official information regarding the max you can withdraw at an ATM in Portugal here: http://www.multibanco.pt/pt/multiban...oes/ca-mb.html

Max per day: 400€
Max per transaction: 200€
Min: 10€

Don't know if this is information is correct for someone with a foreign card using ATM in Portugal, but i assume it's the same, since i use Neteller and Skrill cards here all the time and they are AFAIK registered abroad.

Ok can you explain please about registration process in portugal to get that tax number and also what about tax on poker, still on hold and no tax?