Quote:
Originally Posted by madlex
I am not sure about the thread, but I think it’s still pretty simple. First you make sure there’s a tax treaty between your home country and the US and if that’s the case and you cash for $5k+, you can ask the WSOP to assist you with obtaining an ITIN.
Thanks, but I moved to a territory with no tax treaty with the US and that is where things get complicated and I wanted to find that thread. Upon further research you are subject to 30% withholding tax but the question is can you do anything about it, such as claim your expenses like other tourney entries and travel expenses and get assessed by the actual profit? In that case it may still be acceptable, if it is just a flat 30% on the winnings above 5k minus the buyin and you cannot deduct anything, it is pretty unattractive.