Portugal online poker tax laws - Page 5 - Poker News

It seems still after 6 months when it kicks in u will play .com pool, get half the vip at stars, nothing at 888 and party, pro tax. Not clear if immediately illegal to play non licensed sites, but pro tax and those sites might block portugal. With the licensed sites there is possibly only the local bank transfer that will also verify ur age and identity.

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03-04-2015 , 10:33 PM

#103

ihatewonderbras

journeyman

Join Date: Jul 2014 Posts: 226

Quote:

Originally Posted by D33P

and no taxes for players, operators will pay 15%...

so u will shoulder a part of these 15%.

lesser benefits, rewards aso

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03-05-2015 , 08:38 AM

#104

Donkem

journeyman

Join Date: Feb 2014 Posts: 359

Quote:

Originally Posted by ihatewonderbras

so u will shoulder a part of these 15%.

lesser benefits, rewards aso

No, your point is redundant, those 15% are applied to the site's profit. It's a license tax, the same way as there will be a license tax everywhere else. Players will not be taxed as it seems, UNLIKE everywhere else.

...but they'll have less rewards, benefits...yes but because of the license like everywhere else where benefits become smaller like .FR sites not because of players profits

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03-13-2015 , 05:55 PM

#105

Kranke_EinZ

grinder

Join Date: Feb 2014 Posts: 537

Quote:

Originally Posted by 6471849653

Is there going to be a way to find this out? Strongly considering moving to Portugal with the new regulation, but cba arriving there and after 1 month wont be able to play on Bwin, stars.fr and 888 or so.

Quote

03-15-2015 , 08:22 PM

#106

D33P

old hand

Join Date: May 2009 Posts: 1,986

Quote:

Originally Posted by jose69bengala

Portuguese poker player will still be able to use neteller and skrill for money transactions between pokerstars and full tilt ?

nop, all transactions must be done thru your bank account.

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03-15-2015 , 08:24 PM

#107

D33P

old hand

Join Date: May 2009 Posts: 1,986

Quote:

Originally Posted by oracle3001

Do we know if Portugal will be ring fenced like France, Italy, Spain, or have the world player pools of the UK, Denmark, Estonia?

no segregated pool...

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03-25-2015 , 08:38 AM

#108

djidji31

newbie

Join Date: Feb 2015 Posts: 17

Do you think if u have a bank account in lets say malta, u will still be able to play .fr from Portugal (if u link ur bank account at this rooms)?

Quote

04-29-2015 , 03:16 PM

#109

D33P

old hand

Join Date: May 2009 Posts: 1,986

Breaking News: Portugal has published online gambling law today.

Document will be effective law in 60 days from today. Even tough i have not read it yet it seems that there are no taxes for players and we will have international pool players and international liquidity.

I plan to read all documents carefully soon and write a more detailed post about it.

Neverthless it seems that now is time to party guys!

Wp!

Quote

04-29-2015 , 03:18 PM

#110

D33P

old hand

Join Date: May 2009 Posts: 1,986

Breaking News: Portugal has published online gambling law today.

Document will be effective law in 60 days from today.
Even tough i have not read it yet it seems that there are no taxes for players and we will have international player pool and international liquidity.

I plan to read all documents carefully soon and write a more detailed post about it.

Neverthless it seems that now is time to party guys!

Wp!

Quote

04-29-2015 , 03:25 PM

#111

multitablegrinder

banned

Join Date: Mar 2015 Posts: 771

winrates are so low these days i would think western europe minimum wage is higher than the average grinder wage.

Quote

04-30-2015 , 03:50 AM

#112

djidji31

newbie

Join Date: Feb 2015 Posts: 17

Quote:

Originally Posted by D33P

Breaking News: Portugal has published online gambling law today.

Document will be effective law in 60 days from today.
Even tough i have not read it yet it seems that there are no taxes for players and we will have international player pool and international liquidity.

I plan to read all documents carefully soon and write a more detailed post about it.

Neverthless it seems that now is time to party guys!

Wp!

Yes!!! Thank u dude, im waiting for your detailed post, damn, what a good news

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04-30-2015 , 06:59 AM

#113

napsus

Carpal \'Tunnel

Join Date: Jun 2009 Posts: 9,540

boom! now france, spain and italy just gotta follow suit

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04-30-2015 , 11:21 AM

#114

wineandpound

newbie

Join Date: Aug 2014 Posts: 26

Online game law has been applied... 15% taxes (house paying) and open pool

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04-30-2015 , 11:47 AM

#115

Roger Mainfield

Big Raaaaaaj

Join Date: May 2006 Posts: 5,200

Quote:

Originally Posted by wineandpound

Online game law has been applied... 15% taxes (house paying) and open pool

15-30%. France charges 37% effectively and their poker sites have been losing money the past 2 years. Portugal is so small though that most of the sites will be more on the 15% end.

Quote

04-30-2015 , 11:53 AM

#116

wineandpound

newbie

Join Date: Aug 2014 Posts: 26

Quote:

Originally Posted by Roger Mainfield

15-30%. France charges 37% effectively and their poker sites have been losing money the past 2 years. Portugal is so small though that most of the sites will be more on the 15% end.

It will be 15% at least in the first phase... France has a different model, here in Portugal will be 15% and international liquidity, this is good news for the portuguese people <3 The taxes ofc it will be the player playing to the house

Quote

04-30-2015 , 01:16 PM

#117

D33P

old hand

Join Date: May 2009 Posts: 1,986

Quote:

Originally Posted by multitablegrinder

winrates are so low these days i would think western europe minimum wage is higher than the average grinder wage.

Minimum wage in Portugal is like €7k/year before taxes.

I think that most people playing poker seriously have little trouble topping that...

Quote

05-01-2015 , 01:18 PM

#118

D33P

old hand

Join Date: May 2009 Posts: 1,986

Quote:

Originally Posted by Roger Mainfield

15-30%. France charges 37% effectively and their poker sites have been losing money the past 2 years. Portugal is so small though that most of the sites will be more on the 15% end.

No, that has changed and now it is 15% flat (top) over profit.

So, great news also for operators.

Quote

05-17-2015 , 11:44 AM

#119

Albufeira

banned

Join Date: Apr 2015 Posts: 27

Quote:

Originally Posted by D33P

Breaking News: Portugal has published online gambling law today.

Document will be effective law in 60 days from today. Even tough i have not read it yet it seems that there are no taxes for players and we will have international pool players and international liquidity.

I plan to read all documents carefully soon and write a more detailed post about it.

Neverthless it seems that now is time to party guys!

Wp!

Weeks later...

Quote

05-17-2015 , 01:01 PM

#120

Aranyos

newbie

Join Date: Nov 2013 Posts: 47

Quote:

Originally Posted by Albufeira

Weeks later...

No offense but read it yourself and inform the rest of us if it's so urgent for you. D33P has contributed more than anyone regarding the online poker situation/life in Portugal, so stop being so ungrateful and show some respect.

Quote

07-04-2015 , 11:27 AM

#121

djidji31

newbie

Join Date: Feb 2015 Posts: 17

Apparently they wont accecpt format like Heads Up or Spin, only 6+ format, I dont understand when its gone be effective and what will be open or not, but starting to sucks now

Quote

07-04-2015 , 01:31 PM

#122

Donkem

journeyman

Join Date: Feb 2014 Posts: 359

Quote:

Originally Posted by djidji31

Apparently they wont accecpt format like Heads Up or Spin, only 6+ format, I dont understand when its gone be effective and what will be open or not, but starting to sucks now

That's yet to be confirmed, discussions on the subject seem to have been taking place, we'll all have to wait to know more

Quote

07-04-2015 , 06:13 PM

#123

Atomfred

enthusiast

Join Date: Jul 2011 Posts: 74

But it is announced as part of the new regulation and it will happen if lobbyism wont be able to change the opinion of the people regulating the online poker market. Waiting for the final decision can be pretty dangerous in that case. Because they actually (if my understood that correctly) ask for recommendations until the 9th (i believe it was 9th) of juli 2015.
Kinda makes me mad to hear we have to wait here when in fact it is more likely that we need to act very soon.

Quote

07-04-2015 , 07:48 PM

#124

Donkem

journeyman

Join Date: Feb 2014 Posts: 359

Quote:

Originally Posted by Atomfred

The regulating entity was contacted by several portuguese professional players and the operators as well, everything possible is being done, at least so it seems.

Quote

07-05-2015 , 05:06 AM

#125

djidji31

newbie

Join Date: Feb 2015 Posts: 17

Im still a little lost, can somenone explain me:

Open Market means we can play other rooms outside Portugal (even if doesn't fit the law) or only the one who fits the criteria of the new law here?

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