Tax-Free Poker Sites - Why Play Tax-Free Poker Online

For many years the regulations has been uncertain for poker players in Europe, are your poker winnings taxable or are they tax-free? Which factors decide if they are in fact tax-free poker sites and why play tax-free poker online when there are so many other poker offers and sites to choose from? In this article we will help you to clarify all the unanswered questions regarding tax-free poker online.

Poker Tax-Free Online

European citizens can enjoy poker tax-free online at any site that holds a European poker license or are operating under a network or room with a European poker license. This result in that players don’t have to pay any income tax related to eventual winnings at the poker site. If the local tax agency questions the source of the money, or any transactions made by the winner, the players can openly declared the source of the money in a correct and accurate way. In some cases poker sites operates with a license that is not registered in their name but have permission from the license issuing government to conduct business under a networks or partners license. Most of the poker sites clearly declare the licensing issue on the website regarding where they have a registered license and what sort of license circumstances they operate with. You should be able to find license numbers and links to any license issuing authority’s websites on a poker sites. If you can’t find the information on the site you should wright a message to the support at the poker site asking about the license situation. To get full details you should ask for their license number and witch state that they are licensed in. Historically many poker sites have given week and hard to interpret answers to questions concerning tax situation for poker players, many poker sites have been licensed in a state outside of the European Union but don’t want lose any potential player. Now that we have clarified the situation, and you know what to ask for there, you should have no problems to decide if your poker wining are in fact tax-free.

Why Play Poker Tax-Free Online

There are numerous reasons why you should be playing at a poker site with EU license, the license issuing state and the poker site have to be in compliance with EU law and regulations. These rules and regulations apply to every membership state and all the operating companies in them. EU states have very strict rules concerning the handling of clients or customers money. Funds that companies hold on the behalf of clients or customer must be placed at separate safe accounts and are not allowed in any way to be used in ongoing business or transactions. The owner of the fund should also at any time have access to the money. States and jurisdictions beyond the European Union borders in many cases don’t have detailed rules for handling of customers’ money; this results in an uncertainty regarding the money that you deposited and if you will be able to make a withdrawal when you want to cash out your winnings. EU citizens are in most cases familiar with the legal structure and how to make a complaint if anything is wrong, that is not the case in most states outside the union. What would you do and who would you turn to if you can’t get access to your money?

In every case it is smarter for a European citizen to play poker online at European tax-free poker sites; in fact I would advise you not to play at any other site. Poker players want to control the risks that they are taking in a poker game, calculating the pot odds and evaluating the game in every possible way. Why would you want to risk your bankroll in other situation online, risking it by making a deposit to an account in a faraway state with rules and regulations that you know nothing about or risk paying tax on your poker winnings? Why play poker tax-free online; now you have all the reasons why European citizens should play at European poker sites!

How can you decide if it is in fact a tax-free poker site, why chose to play poker tax-free online when there are so many poker offers and sites to choose from? Find all the answers here!