Open Side Menu Go to the Top
FAQ Today's Posts Search Twitter Discord
Register
[Lithuania] Taxes on Poker Winnings [Lithuania] Taxes on Poker Winnings
Post Reply Subscribe
...
09-30-2015 , 06:28 AM
#1
La Fistule
View Profile Send Message Find Posts By La Fistule Find Threads By La Fistule
stranger
Join Date: May 2015 Posts: 3
Hi all,

I'm about to settle in Lithuania in the coming months.

I'm looking for some information in regards to taxes on poker winnings. Did some research and the information I found looks either dated or wrong.

Maybe worth noting that I will be registered as an entrepreneur since I'm opening a business over there. Might make a difference for paying taxes.

Thanks
[Lithuania] Taxes on Poker Winnings Quote
10-02-2015 , 10:24 AM
#2
mimomanas
View Profile Find Posts By mimomanas Find Threads By mimomanas
banned
Join Date: Nov 2009 Posts: 33
Poker is a bit in a grey area in Lithuania, so most of pros choose to hide their income and avoid paying taxes. But if you want to do it the right way - according to VMI (Lithuanian tax authorities) you should pay 15% tax on your gambling income. I heard there are other options, but I do not really know exactly how that works. You could try asking at Lithuanian poker forum.
[Lithuania] Taxes on Poker Winnings Quote
10-05-2015 , 07:59 AM
#3
La Fistule
View Profile Send Message Find Posts By La Fistule Find Threads By La Fistule
stranger
Join Date: May 2015 Posts: 3
Hi mimomanas,

Thanks for your answer.

I definitely want to do it the right way. Im French and have witnessed some pretty dirty stories of players hiding their income and having to pay more than 100% of their winnings.. I'll try to ask on the forum you linked me for further info. Thanks again
[Lithuania] Taxes on Poker Winnings Quote
Post Reply Subscribe
...
      
Feedback is used for internal purposes. LEARN MORE
Contact Us Privacy Statement TOS
Top
Powered by:  Hand2Note
Copyright ©2008-2022, Hand2Note Interactive LTD
m