Quote:
Originally Posted by Konig
For Australia, the laws are kinda fuzzy. But I can tell you there isn't a single professional gambler in the country who pays taxes on his winnings. There are some huge horse/sports gamblers with 8 figure yearly winnings as well (who aren't taxed).
NZ is supposed to be the same.
Yeah, NZ has same laws and are also very fuzzy, i've done a lot of research into it, asking my tax lecturer at uni, asking an IRD guy in my class etc, asking mates who work in tax for big 4 accounting firms etc.. The short answer is poker is gambling therefore not taxabe, although theres a lot of grey aroud it. I'm petty sure there isn't a person in NZ or Aus who has ever paid tax on poker, or any form of gambling for that matter. Therefore I wouldn't worry about it.
