Hi all,

I'm going poker pro the next year and I would like to ask about some legal stuff.
Poker in my country is tax-free.. does that mean that I don't have to care about anything of that sort? What if audit came after me? Do I just tell em that I play poker now gtfo?

Thank you very much for all the responses!

Obviously post what country to help us sort this out.

Off the top of my head I would say you want to keep meticulous records anyway.
1. helps when dealing with potential landlords,banks (mortgage), other creditors
2. keeps a record for your own knowledge...Are you REALLY winning?
3. cops knock on your door and suspect you are a drug dealer...where else is the money coming from?
4. if needed, proof for an unsupportive family

Thank you very much for your response!

Yeah that is a very good point to keep meticulous records, and to be 100% legit I will email them every month to myself or something like this for a timestamp.

Aaand I am from Slovakia

In my case, all my non-EU transactions go through my bank, as they are not tax-free for me. Live deposits and withdrawals can often also be made like that. Not making enough money to worry about the records from the EU sites, as my money is moving between the limits and between the sites, so I use an internet wallet.

It should be pretty obvious from where the EU money came when it grows (the site will have records also that you might ask) but at some point, it is best to report it to the tax man (but if they will sue you for doing so when not needed, or will tax you anyway, or take your money and jail you if you have no proof from where it came -- just in case you do that in some unknown country, more so if it isn't legal money there). One has the records for the total incomes when all the money moves through the bank.

The pros seem to report the tax free (online and live) incomes also to the tax man, that should be smart for the records also. All recorded like that and it is an ordinary job (part or full time) and there will be no major money that has no proven source.

If you have plenty of money anywhere, it is good to have the statements, records from where the money came from. When you move money to another country, they might also ask you to prove the source of that money or you will lose that money.