Quote:
Originally Posted by Marcos Sketch
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.
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.
Last edited by 00001; 01-31-2014 at 09:46 AM.
Reason: s. for b englihs