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Old 05-31-2007, 06:46 AM
JavaNut JavaNut is offline
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Join Date: May 2007
Location: Permanent downswing
Posts: 471
Default Re: Taxes on WSOP-cashes

If you are a resident in Denmark as you 'loc' suggest your winnings from an event in the US will be taxable with income tax in Denmark. If you pay an american tax then you can deduct the amount paid in tax in US before calculating the tax in Denmark.

So if you win $50.000, pay $5.000 in US tax the $45.000 will be taxable with income tax in Denmark.

Only winnings from an event in the EU where the company sporting the event pays tax for the event to a country in the EU are not taxable in Denmark.
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