Pokerstars - Paying taxes if you live in denmark
 

I was wondering how it works if you live in Denmark and cash-out on pokerstars? Since the site doesn't have an EU license you are supposed to pay taxes, but how does it work? How are the rules for other european countries?

Re: Pokerstars - Paying taxes if you live in denmark
 

well, you simply put it on your Tax return (selvangivelse) as a secondary income. Contact SKAT for more information, they'll probaly be more than happy to help :-)

Re: Pokerstars - Paying taxes if you live in denmark
 

What happens if you don't put it on your tax return?

Re: Pokerstars - Paying taxes if you live in denmark
 

I'm not from Denmark, but I'm going to guess that you'd be breaking the law, and the tax man will hunt you down if he sees any suspicious stuff going on in your bank account.

That's how it goes everywhere else.

Mind you the govt doesnt really care about small fry players (US & Canadian at least)- unless you're making a living wage playing poker I'm not sure I'd even worry about it.

Re: Pokerstars - Paying taxes if you live in denmark
 

Wait ! Does this mean that I - as a European playing on Stars - am better off playing on Party for example ?

Re: Pokerstars - Paying taxes if you live in denmark
 

Maybe it's a plan to "forward" your winnings from Pokerstars to PartyPoker and then cash-out on your bankaccount.

PartyPoker has an EU license and according to EU policy you don't have to pay taxes. I'm not 100% sure about this, so maybe someone can confirm this?

Re: Pokerstars - Paying taxes if you live in denmark
 

Isn't the tax policy determined by what country you live in rather than what site you play on?

So if you live in a country where gambling profits are taxable then you have to pay taxes on them no matter how you go about cashing them out?

Re: Pokerstars - Paying taxes if you live in denmark
 

It's true that there is no taxes on Party Poker, plus alot of other sites. The thing that really sucks for me is that I can't find a site I like as much as pokerstars. I tried to play on party poker but everything about it puts me on life tilt. Everything from how the slider is hard to manage, to the looks (even with mods) to the players, to the high rake to how they constantly nag you with emails. When I cashed out they told me I had to play longer since I had to give them some more rake. I get a feeling all they care about is money. I simply don't enjoy poker on Party Poker. I have decided to continue on stars. It probably won't be an issue since i'm a small stakes player. I hear it only becomes a real problem if you for example suddenly buy an expensive car that needs registration ect. I doubt they care too much for small amounts. I don't see how they can find out about it either. If anyone knows about a european site that matches pokerstars please tell.

Re: Pokerstars - Paying taxes if you live in denmark
 

Keep cashouts small, cash out through Party and other EU sites like mentioned earlier in this thread. Don´t know how they do it in Denmark, but here in Sweden banks are requiered to report big lump sums that are transfered and deposited. Keep it small and avoid the man.

Re: Pokerstars - Paying taxes if you live in denmark
 

can I transfer money from stars to a EU site and avoid problems that way?

Re: Pokerstars - Paying taxes if you live in denmark
 

It's called tax evasion and in most parts of the world considered illegal.

Re: Pokerstars - Paying taxes if you live in denmark *DELETED*
 

Post deleted by eMbAh

Re: Pokerstars - Paying taxes if you live in denmark
 

[ QUOTE ]
It's called tax evasion and in most parts of the world considered illegal.

[/ QUOTE ]

I'm not trying to cheat, i'm trying not to get rubbed by taxes. In what parts of the world is it not considered illegal? (:

Re: Pokerstars - Paying taxes if you live in denmark
 

Do you set down your name in the scroll of youth, that are written down old with all the characters of age? Have you not a moist eye, a dry hand, a yellow cheek, a white beard, a decreasing leg, an increasing belly? Is not your voice broken, your wind short, your chin double, your wit single, and every part about you blasted with antiquity? And will you yet call yourself young?

Re: Pokerstars - Paying taxes if you live in denmark
 

I also like to sound smart by quoting others.


OP - u could transfer through Neteller and the like.

Re: Pokerstars - Paying taxes if you live in denmark
 

[ QUOTE ]
I also like to sound smart by quoting others.


OP - u could transfer through Neteller and the like.

[/ QUOTE ]

So I can basicly transfer my money from stars to neteller to party poker? That would be pretty funny, and prove how pointless the law is atm. I don't see how this would not be legal?

Re: Pokerstars - Paying taxes if you live in denmark
 

How big is a small cashout and how often can I cashout, so banks aren't required to report it?

Say a maximum of $1000 and a maximum of 1x per week?

Obviously this differs per country, but what is a good estimation for this in the EU?

Re: Pokerstars - Paying taxes if you live in denmark
 

Cash out with your Neteller Card, as simple as that.

Re: Pokerstars - Paying taxes if you live in denmark
 

[ QUOTE ]
How big is a small cashout and how often can I cashout, so banks aren't required to report it?

Say a maximum of $1000 and a maximum of 1x per week?

Obviously this differs per country, but what is a good estimation for this in the EU?

[/ QUOTE ]

I think that is reasonable. In fact I read something about how the new rules for licenses in the EU is simply because the goverment don't have resources to trace down all the people who earn "small amounts" online. I think taxing on poker is kinda ridicules, you can't even subtract your loses or your expenses like a new computer, internet costs ect. Which makes it one big fat joke imo. I'm gonna look into neteller, I don't know much about it. It's safer because theres a much slimmer chance neteller will report the money to the goverment? I don't worry too much. I heard that banks mostly report money if they suspect it's illegal like from drugs ect. and usually it has to be pretty substantial amounts

Re: Pokerstars - Paying taxes if you live in denmark
 

Move to France! Games of chance aren't taxed here; as long as you have another 'official' source of income to declare.

So that's me done with step 1.

Step 2. Learn not to lose. [That one still needs some work.]