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Old 11-21-2013, 03:12 PM   #1
JoKon
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Taxes in income from Pokerstars in Greece per session

http://www.pokerstars.gr/en/poker/room/support/pwt-faq/

Someone has seen anything similar in any Country?
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Old 11-21-2013, 03:18 PM   #2
babomor
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Re: Taxes in income from Pokerstars in Greece per session

This seems to be the end of poker in Greece. Unless I'm missing something and you are able to deduct losses.
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Old 11-21-2013, 03:25 PM   #3
j.a.o.p.
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Re: Taxes in income from Pokerstars in Greece per session

holy jesus....
seems that any day you have to end with a loosing hu session....
height of impudence....
sry for u guys
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Old 11-21-2013, 03:40 PM   #4
someseriousBS
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Re: Taxes in income from Pokerstars in Greece per session

Lol wtf...?

Online poker will be dead in 3 years...
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Old 11-21-2013, 03:41 PM   #5
Joe Pulaski
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Re: Taxes in income from Pokerstars in Greece per session

governments are absolutely retarded.
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Old 11-21-2013, 03:48 PM   #6
JoKon
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Re: Taxes in income from Pokerstars in Greece per session

Would appreciate any info/solution to this from your experience...
Also if someone has relocated somewhere in order to grind online would be thanks to hear the procedure
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Old 11-21-2013, 03:49 PM   #7
czechvengeance
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Re: Taxes in income from Pokerstars in Greece per session

gg greece
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Old 11-21-2013, 03:51 PM   #8
Toreador
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Re: Taxes in income from Pokerstars in Greece per session

ffs tax us but on a monthly base, not daily .
if not there is no way that anyone will play poker on stars/tilt .Cant believe stars//tilt have not forseen that
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Old 11-21-2013, 03:51 PM   #9
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Re: Taxes in income from Pokerstars in Greece per session

Quote:
Originally Posted by babomor View Post
This seems to be the end of poker in Greece. Unless I'm missing something and you are able to deduct losses.
EDIT: You are for the day you ve made a profit. Beyond that, the level of the tax depends on the variance of the games you play. If let's say you play high buy in tournaments, you could have one big score of 100,000 amidst a bunch of losing days. The effective tax rate is 20%. The truth however is that most tournament players have some winning days sprinkled along as well, so the effective rate is going to be higher.

OTOH, if you are playing cash and SNGs and you have a mix of winning and losing days, then your effective tax rate gets far higher.

Quote:
Based on the Greek gaming law, we must withhold PWT from profits earned by you from gaming transactions in a player gaming session over €100 at a rate of 15% for profits from €100 to €500 and 20% on profits that exceed €500. Profits under €100 are tax free. Profits are calculated by looking at the impact of both winnings from gameplay that completed in the player gaming session and of stakes made in that session.
By stakes, I am understanding they mean your cash or tournament buy in.

EDIT: Made a mistake. Effective taxation should be between 20-30%, perhaps more. I will have to see my past play to check how high it goes.

The ones who do get a really raw deal are losing players who would have to pay 15-20% on the few days they make some money. But presumably they don't get that that much.

Last edited by leviathan74; 11-21-2013 at 04:03 PM.
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Old 11-21-2013, 03:55 PM   #10
Joe Pulaski
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Re: Taxes in income from Pokerstars in Greece per session

Quote:
Originally Posted by Toreador View Post
.Cant believe stars//tilt have not forseen that
yes this is obv coming from stars/ft
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Old 11-21-2013, 03:58 PM   #11
Hello_World
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Re: Taxes in income from Pokerstars in Greece per session

Government > Rake. WP.
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Old 11-21-2013, 04:00 PM   #12
Toreador
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Re: Taxes in income from Pokerstars in Greece per session

leviathan is on daily basis !!!! kidding me that u think its fair.

if monday i lose 300 and tuesday win 200 i will be taxed even though i have lost money !!!
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Old 11-21-2013, 04:01 PM   #13
Toreador
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Re: Taxes in income from Pokerstars in Greece per session

Quote:
Originally Posted by Joe Pulaski View Post
yes this is obv coming from stars/ft
i mean a better tax evaluation policy
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Old 11-21-2013, 04:04 PM   #14
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Re: Taxes in income from Pokerstars in Greece per session

i thought people in greece didn't pay taxes. did things change there?
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Old 11-21-2013, 04:04 PM   #15
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Re: Taxes in income from Pokerstars in Greece per session

Quote:
Originally Posted by Toreador View Post
i mean a better tax evaluation policy
What?
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Old 11-21-2013, 04:06 PM   #16
Toreador
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Re: Taxes in income from Pokerstars in Greece per session

Quote:
Originally Posted by Ansky View Post
What?
taxes on a monthly or even better yearly basis,not on daily
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Old 11-21-2013, 04:09 PM   #17
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Re: Taxes in income from Pokerstars in Greece per session

Bye bye Greek P* players
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Old 11-21-2013, 04:10 PM   #18
JoKon
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Re: Taxes in income from Pokerstars in Greece per session

Quote:
Originally Posted by ReliableSource View Post
i thought people in greece didn't pay taxes. did things change there?
no need for this..
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Old 11-21-2013, 04:17 PM   #19
leviathan74
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Re: Taxes in income from Pokerstars in Greece per session

Ok. I ve made some calculations.

On one year when I was mainly playing MTT-SNG, my effective taxation with the new regulations would have been 80%.

On another year where I had one big score, taxation would have been 30%.

Those guys are idiots.
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Old 11-21-2013, 04:20 PM   #20
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Re: Taxes in income from Pokerstars in Greece per session

Unbelievable. Anybody know the backstory on how this happened? Like is it a deliberate attempt by conservative politicians to sabotage poker but make it look like they are just asking for some regulations? Just a money grab without anyone realizing they are going to make far less off of doing it daily than monthly as they kill the market?
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Old 11-21-2013, 04:20 PM   #21
moanwingegloat
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Re: Taxes in income from Pokerstars in Greece per session

Can't see how any Greek player will be affected by this tax.
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Old 11-21-2013, 04:26 PM   #22
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Re: Taxes in income from Pokerstars in Greece per session

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Originally Posted by moanwingegloat View Post
Can't see how any Greek player will be affected by this tax.
lol. A+
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Old 11-21-2013, 04:27 PM   #23
Pottyamd
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Re: Taxes in income from Pokerstars in Greece per session

RIP Greece...
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Old 11-21-2013, 04:27 PM   #24
luadarko
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Re: Taxes in income from Pokerstars in Greece per session

Quote:
Originally Posted by moanwingegloat View Post
Can't see how any Greek player will be affected by this tax.
not time for jokes actually.
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Old 11-21-2013, 04:28 PM   #25
leviathan74
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Re: Taxes in income from Pokerstars in Greece per session

Quote:
Originally Posted by uke_master View Post
Unbelievable. Anybody know the backstory on how this happened? Like is it a deliberate attempt by conservative politicians to sabotage poker but make it look like they are just asking for some regulations? Just a money grab without anyone realizing they are going to make far less off of doing it daily than monthly as they kill the market?
There are two scenarios:

a. They are outright idiots driven by the urgency to show huge expected income to future budgets.

b. They want to privilege the incumbent state owned operator and the interests that control it.

Or some combination thereof.
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