Quote:
Originally Posted by nobodynobodybutyou
I have two questions hopefully some people here can answer;
1) Is online poker legal in the Phillipines? If the authorities knew you were playing would you have a problem with them? I'm sure you can play and not get caught, but I'm asking about the legalities of the situation.
2) If it is legal are gambling winnings taxable?
Online poker is a legal grey area in the Philippines and you won't get arrested or charged by merely playing.
As such, it's neither taxable or deductible. As a foreigner without a work visa or a TIN you aren't likely to be reporting tax anyways.
Lucky Fish, to my knowledge, is closed down. The owner lost more playing than raking.